German state inflation cools in October, but will that ease the ECB's headache?

The state readings released around the same time: Bavaria September CPI +2.8% vs +3.2% y/y prior Saxony September CPI +2.9% vs +3.3% y/y prior North Rhine Westphalia September CPI +2.7% vs +3.3% y/y prior Baden Wuerttemberg September CPI +2.6% vs +2.9% y/y prior After the…