Latest data released by Destatis - 27 June 2019
- Prior +0.3%
- CPI +1.8% y/y
- Prior +1.3%
The Bavaria report released at the same time also shows signs of increased price pressures for the month of June and that will put a bit of a upbeat skew towards the national reading later. Given that the Saxony report also showed that core inflation is seen improving, this will provide the ECB with some relief that inflation pressures aren't falling off just yet.
