Bavaria June CPI +2.7% vs +2.7% y/y prior

The other state readings released around the same time:

• Brandenburg CPI +2.6% vs +2.9% y/y prior
• Hesse CPI +1.8% vs +1.9% y/y prior
• Saxony CPI +2.8% vs +3.1% y/y prior
• North Rhine Westphalia CPI +2.2% vs +2.5% y/y prior
• Baden Wuerttemberg CPI +1.9% vs +2.1% y/y prior

At the balance, it shows that annual inflation in German states did ease a touch compared to the month before. Collectively, this should point to the national reading coming in at around 2.2% to 2.3% - roughly in line with expectations.