Baden Wuerttemberg August CPI +0.3% vs +0.3% y/y prior

Latest data released by Destatis – 31 August 2020

This just reaffirms expectations that the German national reading should see headline annual inflation come in similar to July at around -0.1% y/y or 0.0% y/y. As mentioned earlier, all the state readings generally just give out the impression that price pressures remain more subdued in August – similar to what we saw in France, Spain and Italy.

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