{"id":106542,"date":"2024-09-30T16:39:08","date_gmt":"2024-09-30T12:39:08","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=106542"},"modified":"2024-09-30T16:39:10","modified_gmt":"2024-09-30T12:39:10","slug":"german-inflation-eases-in-september-supporting-ecb-case-for-potential-rate-cut","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/german-inflation-eases-in-september-supporting-ecb-case-for-potential-rate-cut\/09\/30\/market-updates\/","title":{"rendered":"German Inflation Eases in September, Supporting ECB Case for Potential Rate Cut"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Preliminary data showed that inflation eased across key German states in September, indicating a possible decline in inflation rates across Germany as a whole, the largest economy in Europe. This development strengthens the argument of the European Central Bank (ECB) policymakers who are advocating for another rate cut.<\/p>\n\n\n\n<p><strong>Key State Inflation Data<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>North Rhine-Westphalia<\/strong>: The inflation rate in Germany&#8217;s most populous state eased to 1.5% year-on-year, down from 1.7% in August.<\/li><li><strong>Bavaria<\/strong>: Inflation decreased to 1.9% in September, compared to 2.1% in the previous month.<\/li><li><strong>Brandenburg<\/strong>: The rate fell to 1.4% from 1.7%.<\/li><li><strong>Saxony<\/strong>: Inflation dropped to 2.4%, down from 2.6%.<\/li><li><strong>Hesse<\/strong>: The rate declined to 1.2% from 1.5%.<\/li><li><strong>Baden-Wuerttemberg<\/strong>: Inflation edged down slightly to 1.4% from 1.5%.<\/li><\/ul>\n\n\n\n<p>Economists surveyed by Reuters predict that Germany&#8217;s harmonized inflation rate will settle at 1.9% in September, down from 2.0% in August, which was already at its lowest level in over three years.<\/p>\n\n\n\n<p><strong>Eurozone Inflation Outlook<\/strong><\/p>\n\n\n\n<p>Germany&#8217;s national inflation data, expected later on Monday, will be closely watched, as the country releases its figures a day before the broader eurozone inflation data. According to economists polled by Reuters, inflation in the eurozone is anticipated to ease further to 1.9% in September from 2.2% in the previous month.<\/p>\n\n\n\n<p><strong>Anticipated Upward Trend<\/strong><\/p>\n\n\n\n<p>Inflation has already eased in other major eurozone economies, such as Spain and France. However, the ECB had anticipated a lower inflation reading in September due to the high base effect from last year&#8217;s energy prices. Inflation is expected to pick up again in the coming months.<\/p>\n\n\n\n<p>Jens-Oliver Niklasch, a senior economist at LBBW, also highlighted the likelihood of an upward inflation trend in the longer term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preliminary data showed that inflation eased across key German states in September, indicating a possible decline in inflation rates across Germany as a whole, the largest economy in Europe. This development strengthens the argument of the European Central Bank (ECB) policymakers who are advocating for another rate cut. Key State Inflation Data North Rhine-Westphalia: The &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839,7215,6987],"class_list":["post-106542","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany","tag-hicp","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106542"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106542\/revisions"}],"predecessor-version":[{"id":106543,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106542\/revisions\/106543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}