Heads up: Germany states’ CPI readings due later today


German states will be releasing their CPI prints for July today

Inflation saw a modest rebound in June but is expected to decline again in the month of July as the fallout from the virus outbreak continues to reverberate.
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The expectation is for the headline annual estimate to slip to +0.1% y/y from the +0.9% y/y posted last month. Deflationary pressures remain a real risk for the euro area economy and this should bolster the ECB’s conviction to keep the stimulus tap flowing.

Here’s the agenda for today:

0700 GMT – Saxony

0800 GMT – Brandenburg

0800 GMT – Hesse

0800 GMT – Bavaria

0830 GMT – North Rhine Westphalia

1000 GMT – Baden Wuerttemberg

1200 GMT – Germany national preliminary figures

Do note that the releases don’t exactly follow the schedule at times and may be released a little earlier or later.

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