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Wrapping up German state CPI data for...>

GERMAN DATA
GERMAN DATA: Wrapping up German state CPI data for June. Note these compare with
a 0.3% M/M / 0.6% Y/Y median CPI in the BBG survey on the national headline
figures (out 1300BST) coming into the session, so definitely above expectations.
- Not much market reaction to the data as seen as both noisy and ultimately less
meaningful than any COVID developments.
* SAXONY JUN CPI +0.6% M/M, +1.0% Y/Y; MAY +0.9% Y/Y
* BAVARIA JUN CPI +0.6% M/M, +0.8% Y/Y; MAY +0.6% Y/Y
* BADEN-W JUN CPI +0.5% M/M, +0.8% Y/Y; MAY +0.7% Y/Y
* BRANDENBURG JUN CPI +0.7% M/M, +1.0% Y/Y; MAY +0.9% Y/Y
* HESSE JUN CPI +0.6% M/M, +0.8% Y/Y; MAY +0.3% Y/Y

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