- Annual inflation rate in Germany fell to 7.5% YoY in July, from 7.6% YoY in previous month and above market estimates of 7.4%.
- On a monthly basis, the inflation increased to 0.90%, from 0.1% in July and above market estimates of 0.6%.
- Harmonised Inflation Rate YoY increased to 8.5% in July from 8.2% in June.
Earlier CPI readings from German regions:
- North Rhine Westphalia: 7.8% YoY vs 7.5% YoY previously
- Bavaria: 8.0% YoY vs 7.9% YoY previously
- Saxony:7.2% YoY vs 7.7% YoY previously
DE30 saw relatively small reaction to today’s release. Source: xStation5
