German states will be releasing their CPI prints for December today
The November reading saw more steady price pressures overall after a drop in recent months and the expectation is for inflation to creep up a little in December. The annual headline print for the national reading is expected at +1.4% y/y.
That said, inflation in the region remains tepid overall and is some way from the ~2% level that the ECB wants it to be at. As such, the data here should do little to convince market participants of more robust price pressures unless there is more consistency to it.
Here's the agenda for today:
0800 GMT - Saxony
0900 GMT - Brandenburg
0900 GMT - Hesse
0900 GMT - Bavaria
0930 GMT - North Rhine Westphalia
1100 GMT - Baden Wuerttemberg
1300 GMT - Germany national preliminary figures
Do note that the releases don't exactly follow the schedule at times and may be released a little earlier or later.
