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The
inflation rate in North Rhine-Westphalia, Germany's most
populous state, rose to 3.5% in December from 3.0% in the
previous month.
In Bavaria, the inflation rate rose to 3.4% in December from
2.8% in November, while rising to 4.5% in Brandenburg from 4.1%,
to 4.3% in Saxony from 3.9%, to 3.8% in Baden-Wuerttemberg from
3.4%, and to 3.5% in Hesse from 2.9% the previous month.
Due to base effects stemming from last December's energy relief
measures for gas and district heating, the disinflationary trend
seen in headline inflation in the past months is expected to be
temporarily halted at the end of 2023.
Economists polled by Reuters forecast Germany's harmonized
inflation at 3.8% in December, up from 2.3% in November.
Economists will pay close attention to national inflation data
later on Thursday, as Germany publishes its figures one day
before the euro zone inflation data release.
In December, European Central Bank President Christine Lagarde
flagged upside inflation risks to push back on imminent rate
cuts.
French data showed on Thursday that EU-harmonized yearly
inflation stood at 4.1% in December, up from 3.9% in November,
due to higher energy and services prices.
Euro zone inflation is expected to rise to 3.0% in December from
2.4% in November, according to economists polled by Reuters.
(Reporting by Maria Martinez; Editing by Miranda Murray)
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