Inflation up in three German states in April, pointing to national increase
Inflation rose in three important German states in April, preliminary data showed on Wednesday, suggesting Germany's national inflation rate could increase this month amid higher energy prices due to the Iran war. In Lower Saxony, it accelerated to 3.0% from 2.6%, and in Baden-Wuerttemberg to 2.6% from 2.5%. In North Rhine-Westphalia, the consumer price index stood unchanged at 2.7%.
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Inflation rose in three important German states in April, preliminary data showed on Wednesday, suggesting Germany's national inflation rate could increase this month amid higher energy prices due to the Iran war. In Bavaria, the inflation rate rose in April to 2.9% from 2.8% in the previous month. In Lower Saxony, it accelerated to 3.0% from 2.6%, and in Baden-Wuerttemberg to 2.6% from 2.5%.
In North Rhine-Westphalia, the consumer price index stood unchanged at 2.7%. Economists polled by Reuters are forecasting a harmonised national inflation rate in Germany - the euro zone's largest economy - of 3.1% in April, up from 2.8% in the previous month.
National figures will be released later on Wednesday.
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