MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI China Press Digest March 13: SMEs, Shipping, Guangdong

MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

MNI: SWEDEN FINAL FEB CPIF +2.9% Y/Y

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EUROPEAN INFLATION: German state CPIs broadly in line with exp at first glance

EUROPEAN INFLATION
CEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets
  • So far the M/Ms are coming in between 0.3-0.6%.
  • The Y/Ys are a bit more mixed showing decelerations from -0.2ppt vs last month to +0.2ppt accelleration.
  • National CPI (non-HICP) expectations were for a 0.4%M/M increase and for the Y/Y print to remain at 2.3%.
  • So there isn't a clear signal from the first few states that are reporting here.
  • This looks broadly in line with expectations.
  • For HICP (which doesn't always follow surprises in the national CPI), the consensus made ahead of these releases was for 0.5%M/M and a 0.1ppt deceleration to 2.7%Y/Y.
88 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • So far the M/Ms are coming in between 0.3-0.6%.
  • The Y/Ys are a bit more mixed showing decelerations from -0.2ppt vs last month to +0.2ppt accelleration.
  • National CPI (non-HICP) expectations were for a 0.4%M/M increase and for the Y/Y print to remain at 2.3%.
  • So there isn't a clear signal from the first few states that are reporting here.
  • This looks broadly in line with expectations.
  • For HICP (which doesn't always follow surprises in the national CPI), the consensus made ahead of these releases was for 0.5%M/M and a 0.1ppt deceleration to 2.7%Y/Y.