Early indicators suggest Germany’s annual inflation rate, which stood at 2.0 percent in June, remained largely stable in July. Preliminary data released Thursday morning from various federal states point towards a continuing trend of gradual price stabilization.
North Rhine-Westphalia, Germany’s most populous state, registered inflation at 1.8 percent, unchanged from the previous month. Bavaria saw a slight increase, rising from 1.8 to 1.9 percent, while Hessen experienced a small rise from 2.3 to 2.4 percent.
In contrast to the national trend, Lower Saxony recorded a noticeable decrease, falling from 2.2 to 1.9 percent. A similar decline was observed in Saxony, with the inflation rate dropping from 2.4 to 2.1 percent. Berlin saw a minor increase, moving from 2.0 to 2.1 percent. Saxony-Anhalt remained unchanged at 2.5 percent, while Brandenburg held steady at 2.2 percent and Baden-Württemberg at 2.3 percent.
Based on these initial state-level figures, a nationwide inflation rate of between 1.9 and 2.1 percent is anticipated (with a mid-point estimate of 2.0 percent).
The Federal Statistical Office is scheduled to publish its preliminary estimate for the overall national inflation rate later today, typically around 4:00 PM. Definitive figures will be released mid-month and revisions are exceedingly rare.