German Inflation Bounces Back in January, State Figures Point to a 2% National Rate
Economy / Finance

German Inflation Bounces Back in January, State Figures Point to a 2% National Rate

The nationwide annual inflation rate, which stood at 1.8 percent in December, appears to have climbed again in January, according to preliminary figures released from the individual states this morning.

Statisticians point to a particularly sharp rise in Bavaria, where the rate has jumped from 1.7 percent in the previous month to 2.1 percent. Niedersachsen (Lower Saxony) saw a similar rise-from 1.9 percent to 2.1 percent-while Nordrhein-Westfalen moved from 1.8 to 2.0 percent and Baden-Württemberg from 1.9 to 2.1 percent.

In some regions inflation remained steady: Brandenburg stayed at 2.2 percent and the Saarland at 1.9 percent when compared with December. Berlin, however, experienced a decline, falling to 1.9 percent from 2.2 percent the month before.

Overall, Germany is likely to report a national inflation rate between 1.9 and 2.1 percent. This would represent an increase from the previous month and would fall very close to the European Central Bank’s target rate of 2.0 percent.

The Federal Statistical Office will publish its provisional estimate of the national inflation rate later today, typically around 2 p.m. The final figures are expected in mid‑month, and any revisions are usually minimal.