German State Data Points to Unexpected Increase in Inflation

08/30/2023 15:32
German State Data Points to Unexpected Increase in Inflation

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.

German Bellwether Points to Unexpected Inflation Increase

A grocer's market stall in Hamburg.Photographer: Maria Feck/Bloomberg

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.

Up Next

German Bellwether Points to Unexpected Inflation Increase

Read more --->