Heads up: Germany states’ CPI readings due later today

After the surge higher in March, inflation pressures in Germany are expected to hold thereabouts in April – at least from an annual perspective. The month-on-month figures are what will be more telling and that is expected to see price pressures increase further to start off Q2.

After the +7.3% y/y CPI reading in March, estimates are showing a +7.2% y/y reading for April. Nonetheless, that is still an extremely high reading and won’t be of much comfort to the ECB surely.

The monthly estimate shows a +0.6% m/m reading for April after the +2.5% m/m increase in March.

The state readings should give a sense of how accurate the estimates will be. Here’s the agenda for today:

0430 GMT – North Rhine Westphalia
0800 GMT – Brandenburg
0800 GMT – Hesse
0800 GMT – Bavaria
0800 GMT – Baden Wuerttemberg
0900 GMT – Saxony
1200 GMT – Germany national preliminary figures

Do note that the releases don’t exactly follow the schedule at times and may be released a little earlier or later.