Bavaria November CPI +2.6% vs +2.4% y/y prior

  • The latest inflation figures for German states as released by Destatis - 28 November 2024
  • Hesse CPI +2.0% vs +1.8% y/y prior
  • Brandenburg CPI +1.9% vs +1.8% y/y prior
  • Saxony CPI +2.9% vs +2.8% y/y prior
  • North Rhine Westphalia CPI +1.9% vs +2.0% y/y prior
  • Baden Wuerttemberg CPI +2.2% vs +2.1% y/y prior

At the balance, the figures aren't as high as estimated. This points to the national reading later coming in around 2.1%, which is lower than the expected 2.3% for November. But again, the core reading is what will matter more.

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