Bavaria October CPI +3.7% vs +4.1% y/y prior ...Middle East

The other state readings released at around the same time:Hesse CPI +3.6% vs +4.7% y/y priorBaden Wuerttemberg CPI +4.4% vs +5.1% y/y priorAll the estimates are pointing to softer annual inflation readings in October compared to September. The magnitudes are still up for debate but at the balance, we might see the German national reading later come in around 3.8% to 4.0% in all likelihood. This article was written by Justin Low at www.forexlive.com.

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