Latest data released by Destatis – 31 May 2021
- Prior +2.2%
- Core CPI +1.7% y/y
- Prior +1.4%
The headline reading reaffirms the nudge higher in year-on-year inflation, which is to be expected in the national release later today as well.
But the thing to note from the report is that there is also a bump higher in the core reading, which may translate over to the overall Eurozone report tomorrow.