German North Rhine Westphalia CPI YoY (Jan) Y/Y 2.0% (Prev. 1.8%)
The increase in the German North Rhine Westphalia CPI to 2.0% year-on-year from the previous 1.8% is notable as it indicates rising inflationary pressures in this key German state.
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Pantheon's Vistesen writes "State CPIs in Germany coming in very hot here, at least relative to our expectations; this will be a bad day for ECB doves, by the looks of it."
German North Rhine Westphalia CPI YoY (Jan) Y/Y 2.0% (Prev. 1.8%)
Italian GDP Growth Rate YoY Adv (Q4) Y/Y 0.8% vs. Exp. 0.5% (Prev. 0.6%)
Italian GDP Growth Rate QoQ Adv (Q4) Q/Q 0.3% vs. Exp. 0.2% (Prev. 0.1%)
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This uptick could influence the inflation outlook at the national level and has implications for the European Central Bank's policy stance moving forward, particularly in terms of interest rate adjustments in response to persistent inflationary trends.
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