• Prior +7.6%
• CPI +0.9% vs +0.6% m/m expected
• Prior +0.1%
• HICP +8.5% vs +8.1% y/y expected
• Prior +8.2%
• HICP +0.8% vs +0.4% m/m expected
• Prior -0.1%

The state readings earlier were mixed but evidently, the rise in consumer inflation in Germany’s industrial state outweighed the drop in annual inflation elsewhere. That’s not a comfortable set of figures with the EU-harmonised reading just short of the May high of 8.7% y/y. The increase in the monthly figures is also disconcerting as there will likely be a further spike come September once government subsidies expiries on 31 August.

This article was written by Justin Low at www.forexlive.com.