Early indicators from individual German states reveal a significant uptick in the rate of inflation. Data released Tuesday morning suggest a widespread trend of rising prices across the country, preceding the official nationwide figure expected later today.
Several states are reporting substantial increases. North Rhine-Westphalia, one of Germany’s most populous regions, registered an inflation rate of 2.3 percent for September, a rise from 2.0 percent the previous month. Bavaria’s inflation has similarly climbed, moving from 2.1 percent to 2.4 percent. Lower Saxony experienced an increase from 2.2 percent to 2.3 percent. Only Saxony reported a stable inflation rate of 2.2 percent within the states that have already released their data.
Based on these preliminary state-level figures, economists anticipate a rise in the national inflation rate from 2.2 percent in August to an estimated 2.4 percent for September. The Federal Statistical Office is scheduled to publish its official nationwide estimate at 2:00 PM today.
