North Rhine-Westphalia CPI
May: +0.4% m/m, +1.7% y/y
April: -0.4% m/m, +1.2% y/y
MNI median forecast: +0.3% m/m, +1.4% y/y
MNI forecast range: -0.5% to +0.4% m/m
April: -0.5% m/m, +1.2% y/y
BERLIN (MNI) - Consumer prices in the western German state of North
Rhine-Westphalia rose 0.4% in May, lifting the annual inflation rate to +1.7%
from +1.2%, the state statistics office said Wednesday.
The monthly result is above the median forecast of +0.3% for pan-German CPI
in a MNI survey of analysts. Earlier today, Bavaria and Brandenburg also posted
0.4% monthly inflation, while Saxony registered a 0.5% rate.
Due to the holidays in May, prices for package holiday tours in North
Rhine-Westphalia rose 8.0% on the month.