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Flash CPI and HICP (Aug 2019) Preview...>

GERMAN DATA
GERMAN DATA: Flash CPI and HICP (Aug 2019) Preview - 13:00 BST
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- CPI: Bbg: -0.1% m/m, 1.5% y/y; Prev (Jul): 0.5% m/m, 1.7% y/y 
- HICP: Bbg: 0.1% m/m, 1.2% y/y; Prev (Jul): 0.4% m/m, 1.1% y/y 
- MNI's analysis of state-level CPI data from the five states that have
published so far (just over 67% of national total) suggests pan-German inflation
will come in weaker than market expectations. 
- Our estimate points to CPI growth of -0.1% m/m and 1.4% y/y in Aug. 
- Annual HICP fell to a 32-month low in July, remaining below the ECB's target
throughout 2019, except for April's rebound to 2.1% 
- The Aug PMI survey shows both input and output price inflation falling further
in Aug.
-...suggesting core inflation remains subdued in the coming months

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