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Upside risks to national CPI print due at 13:00GMT / 14:00CET

GERMAN DATA
  • There are upside risks to the German CPI print due following the state data this morning. Consensus prior to the state data saw the national CPI print at 8.5%Y/Y which is due at 13:00GMT / 14:00CET.
  • Note that due to the differences in methodology, this doesn't necessarily mean HICP will surprise to the upside.

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