Economic Indicators

German Inflation Set to Overshoot Again as NRW Reports Sharp Price Jump

2022.09.29 02:36



© 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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