Germany June preliminary CPI +0.9% vs +0.6% y/y expected


Latest data released by Destatis – 29 June 2020

  • Prior +0.6%
  • CPI +0.6% vs +0.3% m/m expected
  • Prior -0.1%
  • HICP +0.8% vs +0.6% y/y expected
  • Prior +0.5%
  • HICP +0.7% vs +0.4% m/m expected
  • Prior 0.0%

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The state readings earlier provided a slight upside bias going into the release and the figures here pretty much confirms it. Price pressures improved modestly in the month of June and that is a positive takeaway at least, after having seen the headline reading slump to its lowest level since September 2016 back in May.

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