Early indications suggest a slight increase in Germany’s annual inflation rate for August, following a figure of 2.0 percent in July. Data released Friday morning from several of Germany’s federal states points towards a modest rise in consumer prices.
North Rhine-Westphalia, the country’s most populous state, reported an inflation rate of 2.0 percent. Bavaria experienced a slight increase of 0.2 percentage points to 2.1 percent, while Lower Saxony saw a rise of 0.3 percentage points to 2.2 percent. Inflation also edged higher in Saxony-Anhalt, reaching 2.6 percent (compared to 2.5 percent the previous month) and in Baden-Württemberg, increasing to 2.5 percent (from 2.3 percent).
Berlin and Brandenburg both recorded increases of 0.3 percentage points, bringing their inflation rates to 2.4 percent and 2.5 percent respectively. Hesse, however, maintained a steady rate of 2.4 percent.
Based on these early figures, a nationwide inflation rate of between 2.1 and 2.3 percent is anticipated, with a mean of 2.2 percent.
The Federal Statistical Office is scheduled to release its preliminary nationwide inflation estimate later today, typically around 2:00 PM local time. Final figures will be published mid-month, although revisions are infrequent.