Inflation in Germany’s North Rhine-Westphalia Slowed in December

Inflation in the German state of North Rhine-Westphalia slowed in December as heating oil and fuel costs declined.

Prices rose 1.7 percent from a year earlier compared with a 2.1 percent annual increase in November, the state’s statistics office in Dusseldorf said in an e-mailed statement today. In the month, prices rose 0.7 percent.

Economists forecast that German inflation, calculated using a harmonized European Union method, will slow to 2.4 percent from 2.8 percent, the median of 18 estimates in a Bloomberg News survey shows. The Federal Statistics Office in Wiesbaden will release that report, based on data from six states, tomorrow.

To contact the reporter on this story: Gabi Thesing in London at gthesing@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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