Bavaria May CPI +2.6% vs +2.0% y/y prior

Latest data released by Destatis – 31 May 2021

  • Prior +2.0%

The readings so far basically reaffirm relatively strong price pressures in May and that should see the national reading later comfortably beat estimates.

The German CPI later is estimated at +2.3% y/y but given the state readings, we may see it come in around +2.4% y/y to +2.5% y/y I reckon – which will be the highest since September 2011 if that is the case.

The releases from Brandenburg and Hesse (also Baden-Wuerttemberg is out) which are scheduled for the same time:

  • Brandenburg CPI +2.6% y/y
  • Prior +2.2%
  • Hesse CPI +2.5% y/y
  • Prior +1.9%; revised to +1.8%
  • Baden-Wuerttemberg CPI +2.5% y/y
  • Prior +2.1%

Source

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