Germany August preliminary CPI 0.0% vs +0.1% y/y expected

Latest data released by Destatis - 31 August 2020

• Prior -0.1%
• CPI -0.1% vs 0.0% m/m expected
• Prior -0.5%

• HICP -0.1% vs +0.1% y/y expected
• Prior 0.0%
• HICP -0.2% vs 0.0% m/m expected
• Prior -0.5%

Slight misses across the board but this has been predicated by the state readings from earlier in the session. German inflation continues to stay more subdued in August, which is a similar story across the region and that should reaffirm the narrative that the ECB will keep the stimulus tap flowing as per the status quo.