Hesse CPI +1.9% vs +1.6% y/y priorNorth Rhine Westphalia CPI +2.3% vs +2.3% y/y priorSaxony CPI +2.7% vs +2.5% y/y priorBrandenburg CPI +3.0% vs +2.8% y/y priorBaden-Wuerttemberg CPI +2.1% vs +2.3% y/y priorAt the balance, it points to German annual inflation likely coming in around 2.3% to 2.4% later and that is more or less in line with estimates. The figures won't do much to distract from the fact that the ECB will initiate the first rate cut in June. This article was written by Justin Low at www.forexlive.com.
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