Prices - Inflation in NRW rises for the first time since September
Inflation in North Rhine-Westphalia has increased again for the first time since September. In the most populous federal state, the inflation rate rose to 3.5 percent in December, according to the State Statistical Office in Düsseldorf on Thursday. In November, it had amounted to 3.0 percent. In a monthly comparison, consumer prices fell by 0.1 percent in December.
The Federal Statistical Office will announce an initial estimate for December inflation throughout Germany at 2.00 pm. The authority will also provide a figure for the average inflation rate in 2023. Economists expect a figure of around six percent for 2023. According to the Federal Office's figures, the annual inflation rate was 6.9 percent in 2022 and 3.1 percent in 2021
In December, district heating in NRW in particular was significantly more expensive than a year ago. The state office reported a price increase of 40 percent for December. Heating oil, on the other hand, was 13.6% cheaper. Food also became more expensive, rising by 4.8% compared to a year ago.
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- The inflation rate in Germany, as reported by the Federal Statistical Office, is expected to be around six percent for the year 2023.
- Consumers in North Rhine-Westphalia, specifically in Düsseldorf, are facing higher prices due to the increase in inflation, which reached 3.5 percent in December.
- In the most populous federal state of Germany, NRW, district heating prices saw a significant increase of 40 percent in December compared to the same period last year.
- Despite the overall price increase, heating oil in North Rhine-Westphalia was 13.6% cheaper in December 2022 compared to the previous year.
Source: www.stern.de
