Bavaria October CPI +2.4% vs +1.9% y/y prior

The other state readings released around the same time:

• Brandenburg CPI +% vs +1.4% y/y prior
• Hesse CPI +1.8% vs +1.2% y/y prior
• Saxony CPI +% vs +2.4% y/y prior
• North Rhine Westphalia CPI +2.0% vs +1.5% y/y prior
• Baden Wuerttemberg CPI +2.1% vs +1.4% y/y prior

Just take note that the readings here are much higher than anticipated. And this is likely to see an upside consideration to the estimate for the national reading later. German annual inflation is expected to come in at 1.8% in October but looking at this, we might see it move to around 2.1% instead.

This article was written by Justin Low at www.forexlive.com.