German Bellwether Points to Unexpected Inflation Increase
Inflation in the German state of North Rhine-Westphalia rose to 5.9% on the year in August, up from 5.8% in July, indicating German inflation may unexpectedly rise.
Consumer Prices posted a monthly increase of 0.5%, according to the state statistics office in Dusseldorf, compared to a predicted national rise of 0.3%. A Bloomberg survey of 22 economists saw national inflation falling to 6% on the year from 6.2% in July.
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German Bellwether Points to Unexpected Inflation Increase