Early indicators suggest Germany’s annual inflation rate, which stood at 2.0 percent in June, has remained largely stable in July. Preliminary data released Thursday morning from various federal states paint a mixed but generally consistent picture.
North Rhine-Westphalia, Germany’s most populous state, registered inflation at 1.8 percent, consistent with the previous month. Bavaria saw a slight increase, rising from 1.8 to 1.9 percent. Hessen experienced a marginal rise, moving from 2.3 to 2.4 percent.
Conversely, several states demonstrated a decrease in the annual inflation rate. Lower Saxony showed a more significant decline, falling from 2.2 to 1.9 percent. Saxony also recorded a reduction, decreasing from 2.4 to 2.1 percent. Berlin registered a slight increase, moving from 2.0 to 2.1 percent.
Other federal states displayed varying results; Saxony-Anhalt remained steady at 2.5 percent, Brandenburg stayed at 2.2 percent and Baden-Württemberg held at 2.3 percent.
Based on these initial figures, a nationwide inflation rate of between 1.9 and 2.1 percent is anticipated, with a likely average of 2.0 percent.
The Federal Statistical Office is expected to release its preliminary estimate for the nationwide inflation rate later today, typically around 2:00 PM. Definitive figures will be published mid-month, with revisions being extremely rare.
