Bavaria November CPI +2.2% vs +2.2% y/y prior

The other state releases around the same time:

• North Rhine Westphalia CPI +2.3% vs +2.3% y/y prior
• Saxony CPI +2.2% vs +2.2% y/y prior
• Baden Wuerttemberg CPI +2.3% vs +2.3% y/y prior

The readings here are all unchanged from the previous month, which points to the national reading later likely to come in similar to October as well at around 2.3%. The core estimate of course remains the most important but overall it doesn’t seem like there is much of a change to the inflation dynamics in Germany this month.

This article was written by Justin Low at investinglive.com.