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Economic situation: Initial data signals further falling inflation

Economic situation: Initial data signals further falling inflation

The inflation rate is falling to less than 3 percent in some federal states. In others, however, it is significantly higher.

A significant decline in inflation rates in several federal states indicates a further decline in inflation in Germany. In Hesse and Bavaria, inflation rates fell below 3 percent in November, according to data released on Wednesday morning.

Inflation also weakened significantly in Baden-Württemberg, while in North Rhine-Westphalia it fell slightly to 3 percent.

In Bavaria, the State Statistical Office reported a decline in the inflation rate to 2.8 percent, after it was 3.7 percent in October. In Hesse, the inflation rate fell from 3.6 to 2.9 percent. Inflation also weakened significantly in Baden-Württemberg: the annual rate fell from 4.4 percent to 3.4 percent.

This means that the inflation rates in the four federal states are well below the overall German inflation rate, which was 3.8 percent in October. The first estimate of the inflation rate for Germany in November is expected in the afternoon (2 p.m.), based on data from the federal states.

However, the publication of price data from Saxony and Brandenburg for November showed inflation rates that are above the most recently determined overall German rate: According to this, inflation in Saxony was 3.9 percent and in Brandenburg 4.1 percent.

Source: Stern

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