Free Trial
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.
GERMAN DATA
Germany (28% of EZ HICP) – 1300UK Thu 29 Jun (after state-level data in the morning). Consensus:
- HICP: 6.8% Y/Y (6.3% prior) / 0.4% M/M (-0.2% prior)
- CPI: 6.3% Y/Y (6.1% prior) / 0.2% M/M (-0.1% prior)
- Main themes: Y/Y inflation is seen rebounding on both headline and core as the 9 euro transport ticket introduced a year ago drops out of the base effect. Strong package holiday prices are also seen boosting the overall (unpublished in preliminary) core figure. (See MNI's June Eurozone Inflation Preview for more detail)
State-by-state release times (estimated, subject to change):
- 0630UK North Rhine Westphalia (21.1% of nat'l weighting)
- 0830UK Rhineland-Palatinate (4.9%)
- 0900UK Bavaria (16.9%), Baden Wuerttemberg (14.1%), Lower Saxony (9.4%), Hesse (7.7%), Berlin (4.0%), Brandenburg (2.9%)
- 1000UK Saxony (4.6%)
Some sell-side views:
- Goldman Sachs: 6.8% Y/Y driven by strong base effect in core on 2022's 9 euro public transportation ticket. Energy -0.4pp to 4.6% Y/Y or 0.4% M/M, and unprocessed / processed food inflation (5.5% / 15.4% Y/Y respectively). Core to 6.2% vs 5.1% prior due to the base effect. In SA terms, core inflation below Q1 but above April due to strong travel prices.
- JPM: 0.2% M/M, 6.3% Y/Y, HICP: 6.0%
- Nomura: HICP 6.3%
- BofA: 6.5% HICP (0.0% M/M), CPI 0.1% and YOY 6.2%
Source: Destatis, Eurostat, MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok