Bavaria September CPI +4.1% vs +5.9% y/y prior

  • Latest data released by Destatis - 28 September 2023

The other state readings released at around the same time:

  • Hesse CPI +4.7% y/y
  • Prior +6.0%
  • Brandenburg CPI +5.6% y/y
  • Prior +7.1%
  • Baden Wuerttemberg +5.1% y/y
  • Prior +7.0%

This fits with the earlier reading from NRW, which reaffirms that we are to see a notable drop in annual inflation in Germany this month. That should also apply to the core reading, which will be known later once we get to the national release.

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