Inflation across Germany registered a perceptible decline in May, according to regional data released by several state statistical offices on Friday morning.
In the most populated state, North Rhine-Westphalia (NRW), the annual inflation rate dropped from 2.7 percent in April to 2.4 percent in May. A major contributing factor noted for this decrease is the “fuel discount” that began on May 1st. Gasoline prices in NRW averaged a 6.5 percent reduction compared to the previous month, with diesel dropping by 10.9 percent and petrol by 5.0 percent, the state office in Düsseldorf reported.
Most other states that had already published their figures also reported a decline in the inflation rate at a similar level. For instance, Bavaria decreased from 2.9 percent to 2.6 percent, while Lower Saxony fell from 3.0 percent to 2.7 percent. However, the rate of increase remained stable in Saarland and Rhineland-Palatinate, which held steady at 3.1 percent and 2.7 percent, respectively.
The Federal Statistical Office is scheduled to release its inflation estimate for all of Germany at 2 PM. Based on the available state data, the national figure is expected to fall within the range of 2.5 to 2.7 percent, a decrease from the 2.9 percent recorded in April.
