The other German state readings released at the same time:
- Brandenburg CPI +7.8% y/y
- Prior +8.7%
- Hesse CPI +7.1% y/y
- Prior +8.3%
- Baden-Wuerttemberg CPI +7.8% y/y
- Prior +8.7%
This matches up with what we saw from Germany's industrial state earlier here. The lower annual readings are largely due to base effects kicking in, with March 2022 observing a massive spike in oil prices amid the Russia-Ukraine conflict. The monthly readings though continue to reflect further price increases:
- Bavaria +0.7%
- Brandenburg +1.0%
- Hesse +0.8%
- Baden-Wuerttemberg +0.9%
