{"id":437196,"date":"2026-08-31T15:06:25","date_gmt":"2026-08-31T08:06:25","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/german-states-see-higher-inflation-prints-in-august-437196\/"},"modified":"2026-08-31T15:06:25","modified_gmt":"2026-08-31T08:06:25","slug":"german-states-see-higher-inflation-prints-in-august","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/german-states-see-higher-inflation-prints-in-august-437196\/","title":{"rendered":"German states see higher inflation prints in August"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The state readings released around the same time:<\/p>\n<ul>\n<li>Bavaria August CPI +2.9% vs +2.8% y\/y prior<\/li>\n<li>Saxony August CPI +2.9% vs +2.7% y\/y prior<\/li>\n<li>North Rhine Westphalia August CPI +2.9% vs +2.7% y\/y prior<\/li>\n<li>Baden Wuerttemberg August CPI +2.6% vs +2.5% y\/y prior<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">And even the monthly estimates are showing stronger prints after the big jump in July:<\/p>\n<ul>\n<li>Bavaria August CPI +0.2% m\/m<\/li>\n<li>Saxony August CPI +0.2% m\/m<\/li>\n<li>North Rhine Westphalia August CPI +0.2% m\/m<\/li>\n<li>Baden Wuerttemberg August CPI +0.1% m\/m<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That in itself continues to reaffirm that price pressures are growing more broadly, not just driven by base effects for the most part.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Based on the estimates above, we should see the overall German national print later come in around 2.9% or 3.0% (rounded up) &#8211; so that sort of fits with estimates of 2.95% (3.0%).<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Again, this doesn&#8217;t change anything for the ECB going into September but it at least reinforces the narrative that a positioning move is needed by the central bank. They are poised to raise key interest rates again so as to bring monetary policy to a mildly restrictive stance.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That in order to prepare themselves for a battle against inflation and potential second round effects that could materialise late this year or early next year.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The state readings released around the same time: Bavaria August CPI +2.9% vs +2.8% y\/y prior Saxony August CPI +2.9% vs +2.7% y\/y prior North Rhine Westphalia August CPI +2.9% vs +2.7%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437196","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437196"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437196\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}