The other German state readings released around the same time:
- Saxony CPI +2.2% vs +2.3% y/y prior
- North Rhine Westphalia CPI +2.3% vs +2.3% y/y prior
- Baden Wuerttemberg CPI +% vs +2.7% y/y prior
At the balance, the estimates are slightly softer for headline inflation compared to September. That indicates we could see the German national reading come in later at around 2.3%, down from 2.4% in the month before. But again, the main focus will be on the core inflation number.
This article was written by Justin Low at investinglive.com.