German State Inflation Rates Ease in September, National Rate Expected to Decrease Further
Preliminary data shows inflation easing across key German states in September, with economists forecasting a decrease in the national rate as well. Find out more here.
BERLIN (Multibagger) - Inflation eased across a raft of key German states in September, preliminary data showed on Monday, suggesting that the national inflation rate would also decrease further.
The inflation rate in North Rhine-Westphalia, Germany's most populous state, eased to 1.5% year-on-year from 1.7% in August.
In Bavaria, the inflation rate fell in September to 1.9% from 2.1% the previous month.
In Brandenburg, it eased to 1.4% from 1.7%, and in Saxony to 2.4% from 2.6%.
In Hesse, it declined to 1.2% from 1.5%.
In Baden-Wuerttemberg, it edged down to 1.4% from 1.5%.
Economists polled by Multibagger forecast Germany's harmonised inflation rate at 1.9% in September, down slightly from 2.0% in August, already its lowest level in over three years.
Economists will pay close attention to national inflation data, scheduled for release later on Monday, as Germany publishes its figures a day before euro zone inflation data.
Inflation in the euro zone is expected to ease further to 1.9% in September from 2.2% the previous month, according to economists polled by Multibagger.
Analysis: The easing inflation rates in key German states suggest a potential decrease in the national inflation rate, which could have implications for the broader euro zone economy. Investors and consumers should monitor these developments closely as they could impact financial markets and purchasing power.