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MNI: Region Inflation Data Points to....>

GERMAN DATA
GERMAN DATA: MNI: Region Inflation Data Points to Upside German CPI Surprise
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Following the release of regional CPI data across Germany earlier today, we
think there is a fair chance of the nationwide-figure (1300 GMT) delivering an
upside surprise. Analysts had looked for a 0.1pp rise in German CPI to 2.4% in
October, but robust gains across key German states, up 0.22pp on average between
Oct and Sep, suggests a rise to 2.5% may be plausible. HICP, 2.2% in Sep, may
also show upside risk.
CPI----------OCT-18 (Y/Y%)----SEP-18 (Y/Y%)
Germany          -                2.3
Baden W'burg    2.8               2.5
Bavaria         2.8               2.6
Brandenburg     2.3               2.1
Hesse           2.2               1.9
NRW             2.4               2.3
Saxony          2.5               2.3 

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