BERLIN (Reuters) – Inflation continued to slow in several German states in April, indicating data on Wednesday, indicating that the national reading will remain below the target set by the European Central Bank and pose no threat to stimulus plans designed to mitigate the impact of the Corona pandemic.
And in the state of North Rhine-Westphalia, which has the highest population in Germany,
Consumer price inflation fell to 0.8 percent year on year, compared to 1.4 percent the previous month. Inflation slowed to 0.9 percent from 1.2 percent in Bavaria and to 0.8 percent from 1.2 percent in Hesse, which includes Frankfurt, the financial center.
The annual inflation rate also slowed in three other states.
An opinion poll conducted before local data was announced revealed that annual consumer price inflation across Germany would slow to 0.5 percent in April, compared to 1.3 percent the previous month.
This will be the lowest reading since August 2016.