Germany June preliminary CPI +0.3% vs +0.2% m/m expected

Latest data released by Destatis - 27 June 2019

• Prior +0.2%
• CPI +1.6% vs +1.4% y/y expected
• Prior +1.4%

• HICP +0.1% vs +0.1% m/m expected
• Prior +0.3%
• HICP +1.3% vs +1.3% y/y expected
• Prior +1.3%

As expected, the annual headline reading sees a bump higher to +1.6% and that reflects the upside bias pointed out by the state readings earlier. That will be welcome news for the ECB as the inflation outlook looks to still hold steady - at least in Germany - for now.