North Rhine Westphalia July CPI +5.8% vs +6.2% y/y prior

<p>Headline annual inflation for Germany's industrial state is seen coming down and this fits with expectations of a softer set of numbers in July. If the other state readings show a similar trend, this at least helps to afford the ECB some added room in justifying a potential pause after the summer.</p>

This article was written by Justin Low at www.forexlive.com.