Economic Indicators
German Inflation Set to Overshoot Again as NRW Reports Sharp Price Jump
2022.09.29 02:36
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© Reuters.
By Geoffrey Smith
Investing.com — Inflation in the Eurozone’s largest economy is set to exceed expectations yet again in September after its largest state reported a sharp increase in prices on the month.
North Rhine-Westphalia, Germany’s biggest state by population and GDP, said consumer prices rose by 1.8% on the month alone, pushing the annual rate of inflation up to 10.1%.
It’s the first of a handful of states to report preliminary inflation numbers early on Thursday. The Federal Statistics Office Destatis will then publish a preliminary number for Germany at around 08:00 ET (12:00 GMT).
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