Germany's preliminary consumer price index (CPI) for June rose by 2.2% year-over-year, slightly below the estimated 2.3% and down from the previous 2.4%. The month-over-month CPI increased by 0.1%, also below the forecast of 0.2%. The harmonized index of consumer prices (HICP) for June rose by 2.5% year-over-year, matching the forecast but down from the previous 2.8%. Regionally, Saxony's CPI rose by 2.8% year-over-year, North Rhine-Westphalia's CPI increased by 2.2%, Brandenburg's CPI rose by 2.6%, and Hesse's CPI increased by 1.8%. The month-over-month CPI for Baden Wuerttemberg was 0.1%. Additionally, Germany's core CPI dropped below 3% for the first time since February 2022.
Germany's #inflation rate slows more than expected to 2.2% YoY in June from 2.4% in May vs 2.3% estimated, while core CPI drops <3% for 1st time since Feb2022. https://t.co/2Ux7DrEBUo
π©πͺ #GERMANY PRELIM JUNE HARMONIZED CPI RISES 2.5% Y/Y; EST. +2.5% - BBG *GERMANY PRELIM JUNE HARMONIZED CPI RISES 0.2% M/M; EST. +0.2% *GERMANY PRELIM JUNE CONSUMER PRICES RISE 2.2% Y/Y; EST. +2.3% *GERMANY PRELIM JUNE CONSUMER PRICES RISE 0.1% M/M; EST. +0.2%
*GERMANY PRELIM JUNE CONSUMER PRICES RISE 2.2% Y/Y; EST. +2.3% *GERMANY PRELIM JUNE CONSUMER PRICES RISE 0.1% M/M; EST. +0.2%
Germany June CPI +2.2% vs +2.3% y/y expected https://t.co/f4f4VCtBOb
π΄ β οΈ BREAKING: GERMAN HICP YOY PRELIM ACTUAL 2.5% (FORECAST 2.5%, PREVIOUS 2.8%) $MACRO
π΄ GERMAN CPI YOY PRELIM ACTUAL 2.2% (FORECAST 2.3%, PREVIOUS 2.4%) $MACRO
GERMANY PRELIM JUNE CONSUMER PRICES RISE 0.1% M/M; EST. +0.2% GERMANY PRELIM JUNE CONSUMER PRICES RISE 2.2% Y/Y; EST. +2.3% GERMANY PRELIM JUNE HARMONIZED CPI RISES 0.2% M/M; EST. +0.2% GERMANY PRELIM JUNE HARMONIZED CPI RISES 2.5% Y/Y; EST. +2.6%
*GERMANY PRELIM JUNE HARMONIZED CPI RISES 2.5% Y/Y; EST. +2.5%
π©πͺ Germany Baden Wuerttemberg CPI (MoM) $EUR Actual: 0.1% Previous: 0.2%
π©πͺ Germany North Rhine Westphalia CPI (YoY) (Jun) $EUR Actual: 2.2% Previous: 2.5%
π©πͺ Germany Brandenburg CPI (YoY) (Jun) $EUR Actual: 2.6% Previous: 2.9%
NORTH RHINE CPI MOM ACTUAL 0.1% (FORECAST -, PREVIOUS 0.0%) $MACRO
NORTH-RHINE CPI YOY ACTUAL 2.2% (FORECAST -, PREVIOUS 2.5%) $MACRO
π©πͺ Germany Hesse CPI (YoY) (Jun) $EUR Actual: 1.8% Previous: 1.9%
SAXONY CPI MOM ACTUAL 0.1% (FORECAST -, PREVIOUS 0.1%) $MACRO
SAXONY CPI YOY ACTUAL 2.8% (FORECAST -, PREVIOUS 3.1%) $MACRO
SWISS RETAIL SALES YOY ACTUAL 0.4% (FORECAST -, PREVIOUS 2.7%) $MACRO