Saxony April CPI +7.2% vs +7.0% y/y prior

German states data are a bit of a mixed bag this month, ranging from +7.0% y/y to +7.9% y/y but put together, it should reaffirm some stabilisation in the annual inflation reading on the national level.

The estimate for the release later is for CPI to come in at +7.2% y/y, in which I reckon the actual reading should be between the range of +7.1% y/y to +7.4% y/y. Either way, the reading remains elevated and while there are proxies suggesting we may be near peak inflation, it is a whole different story to expect inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term to fall back off towards the 2% level.

That remains a rather farfetched outlook considering the current circumstances.