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EUROPEAN INFLATION: Majority Of German State-Level Prints Appear In Line

EUROPEAN INFLATION

Most of the regional German CPI prints coming in at +0.3%M/M at first glance (NRW, Bavaria, Hesse, Brandenburg, BW) while Saxony higher at 0.6%M/M.

  • Note that the national (non-HICP) print is expected at 0.3%M/M - so these readings (with the exception of Saxony) are broadly in line with expectations.

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