The German state readings released around the same time:
- North Rhine Westphalia CPI +2.3% vs +2.0% y/y prior
- Saxony CPI +2.3% vs +2.2% y/y prior
- Baden Wuerttemberg CPI +2.7% vs +2.5% y/y prior
The estimates here are all showing higher inflation estimates compared to August. That should see the headline estimate for the national reading later come in around 2.3% to 2.4% at the balance, putting it roughly within expectations. But as always, it is the core reading that will matter the most.
