Germany North Rhine Westphalia CPI MoM

Info

History

Chart

Impact:

Low

Source: Landesbetrieb Information und Technik Nordrhein-Westfalen

Latest Release:

Date:

Actual:

0.2%

Forecast:

Previous/Revision:

0.4%

Period: May

Next Release:

Date:

Period: Jun

What Does It Measure?

The North Rhine-Westphalia Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for goods and services in Germany's most populous federal state. It primarily focuses on assessing inflation and cost-of-living trends by evaluating key components such as food, housing, and transportation expenses.

Frequency

The North Rhine-Westphalia CPI is released monthly, typically within the first week of the following month, and is considered a preliminary estimate subject to later revisions.

Why Do Traders Care?

Traders pay close attention to the North Rhine-Westphalia CPI as it serves as an indicator of inflationary pressures within the region, which can influence monetary policy decisions by the European Central Bank. Significant deviations from expected results can impact asset prices, particularly the Euro and local equities, as higher inflation could lead to tighter monetary policy.

What Is It Derived From?

The CPI is calculated using a survey of prices collected from a representative sample of goods and services purchased by households in North Rhine-Westphalia. The methodology includes sampling from various categories, weighting prices to reflect their importance in consumer spending, and employing a base year for comparison.

Description

The preliminary CPI report serves as an early gauge of inflation trends, with its data reflecting current market conditions; however, it may undergo adjustments in the final report for accuracy. This index is computed on a month-over-month (MoM) basis, allowing analysts to observe recent changes in consumer prices and addressing immediate economic impacts.

Additional Notes

As a coincident economic indicator, the North Rhine-Westphalia CPI is closely watched alongside national CPI metrics, providing local insights that are meaningful for assessing regional economic health. It can also serve as a precursor to national inflationary trends and may correlate with economic activities in other Eurozone regions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for Euro, Bearish for Stocks. Lower than expected: Bearish for Euro, Bullish for Stocks. The CPI's findings may indicate inflationary pressures; a hawkish tone signaling higher interest rates is usually good for the Euro but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Previous
May 30, 2025	0.2%	0.4%
Apr 30, 2025	0.4%	0.3%
Mar 31, 2025	0.3%	0.4%
Feb 28, 2025	0.4%	0.5%
Jan 31, 2025	-0.1%	0.5%
Jan 09, 2025	0.5%	-0.3%
Nov 28, 2024	1.9%	0.3%
Oct 30, 2024	0.3%	0%
Sep 30, 2024	0%	-0.3%
Aug 29, 2024	-0.3%	0.3%
Jul 30, 2024	0.3%	0.1%
Jul 01, 2024	0.8%	0%
May 29, 2024	0%	0.4%
Apr 29, 2024	0.4%	0.3%
Apr 02, 2024	0.3%	0.6%
Feb 29, 2024	0.6%	0.3%
Jan 31, 2024	0.3%	-0.1%
Jan 04, 2024	-0.1%	-0.3%
Nov 29, 2023	-0.3%	-0.1%
Oct 30, 2023	-0.1%	0.2%
Sep 28, 2023	0.2%	0.5%
Aug 30, 2023	0.5%	0.2%
Jul 28, 2023	0.2%	0.3%
Jun 29, 2023	0.3%	-0.2%
May 31, 2023	-0.2%	0.4%
Apr 28, 2023	0.5%	0.6%
Mar 30, 2023	0.6%	1%
Mar 01, 2023	1%	0.9%
Feb 22, 2023	0.9%	-0.6%
Jan 03, 2023	-1%	-0.8%
Nov 29, 2022	-0.8%	1.2%
Oct 28, 2022	1.2%	1.8%