Last of the German regional inflation data
– 0.7% vs 0.4% prior m/m
Here’s how it all stacks up (all y/y);
– Saxony 0.3% vs -0.1% prior
– Brandenburg 0.0% vs -0.4% prior
Last month the drops into the negative were very sharp. This bounce is nearly as sharp. Looking through the details, energy has played a big part but a lot of negative inflation has come from consumer goods. Using NRW as an example, it was down 1.9% vs -1.8% in Feb y/y. The picture is more or less the same across the other regions.