Germany publishes CPI data from specific lands 🔍EURUSD tries to stop sell-off

The CPI data for individual German states has just been released. The most significant ones, in terms of regional GDP, are North Rhine-Westphalia, Bavaria, and Baden-Württemberg.

Analyzing the data from these key regions of the German economy, we can observe that, except Baden-Württemberg, annual CPI pressure has declined compared to the previous reading. However, on a monthly basis, all states indicate an acceleration in price pressures.

These readings raise hopes that the nationwide CPI report, set to be released at 1 PM GMT, may come in line with or below expectations compared to the previous publication. The forecast for February's CPI points to a 2.3% year-on-year increase (previously also 2.3% YoY).

Source: Bloomberg Financial LP

Source: xStation5