North Rhine Westphalia July CPI 7.8% vs 7.5% y/y prior

The first glance into German state inflation readings today isn’t a comforting one as the numbers from the country’s industrial state show that headline annual inflation rose in July as compared to June. A similar trend is usually observed across other state readings and if so, that will see the national reading come in well above estimates that were outlined coming into today. The details for NRW:


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