August’s slowdown in German inflation was weaker than most forecasters had expected last week, but was broadly consistent with the state-level data released this morning. While inflation should pick up in the coming months, we do not think that it is on track to reach the ECB’s near-2% target on a sustained basis.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.