September 2018 German HICP and CPI data 27 September 2018

  • Prior 1.9%
  • CPI 2.3% vs 2.0% exp y/y. Prior 2.0%

The regionals flagged the likelihood of a higher print so not a shock. CPI is at the highest since Nov 2011 though.

The earlier regional results:

  • Baden W 2.1% vs 2.0% prior y/y
  • North Rhine 2.3% vs 2.0% prior y/y
  • Bavaria 2.5% vs 2.2% prior y/y
  • Hesse 1.9% vs 1.7% prior y/y
  • Brandenburg 2.1% vs 2.0% prior y/y
  • Saxony 2.3% vs 2.0% prior y/y
Ryan Littlestone

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