German Inflation on Track to Slow, Regional Figures Signal
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Inflation in the German state of North Rhine-Westphalia fell to 4.2% on the year in September from 5.9% in August, indicating a national figure roughly in line with forecasts.
A slowdown in inflation would be good news for ECB officials, who warned earlier that uncertainty remains and that further rate hikes could therefore not be excluded. Consumer prices posted a monthly increase of 0.2%, according to the state statistics office in Dusseldorf.