The expectation is for headline annual inflation in Germany to fall to 4.0% in October as as base effects continue to kick in for the most part. The monthly estimate is expected to show a 0.2% increase though but that will be of more importance once prices start to become more sticky - which might be the case in the months ahead.
But for now, the ECB can still take heart on falling price pressures - at least on paper - in order to stick with their pause narrative at the moment.
Going back to the German state readings, we already got a teaser last week from Brandenburg here. If that is any indication, we should get more softer readings today later as well.
Here's the agenda for today:
- 0630 GMT - North Rhine Westphalia
- 0900 GMT - Hesse
- 0900 GMT - Bavaria
- 0900 GMT - Baden Wuerttemberg
- 1000 GMT - Saxony
- 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.