Loading page content
Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany North Rhine Westphalia CPI YoY fell to 3.0% in November 2023
DestatisMonthlyReleased November 2023
Germany North Rhine Westphalia CPI YoY fell to 3.0% in November 2023, down 0.1% from October's 3.1% reading. The reading matched expectations. North Rhine Westphalia CPI YoY has now declined for 4 consecutive months. Over the past 3 months, North Rhine Westphalia CPI YoY averaged 3.65%, vs 5.97% in the prior 3-month window. North Rhine Westphalia CPI YoY is now the lowest in 13 months.
Latest Release
3
Actual
3.1
Consensus
3.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.66 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.55 | CRYPTO | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.48 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.39 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
North Rhine Westphalia CPI YoY (Germany) was reported at 2.9% in August 2026. The reading rose from the previous value of 2.7%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 2.3%, ranging from 1.8% to 2.9% across 11 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.57%, up from the prior three at 2.3%. Volatility over the past year (σ 0.35%) is higher than the prior year (σ 0.22%). In August readings over the past 3 years, North Rhine Westphalia CPI YoY has averaged 2.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
SHARE
North Rhine Westphalia CPI YoY - DE
Loading chart data...
About North Rhine Westphalia CPI YoY — Germany
DEFINITION
The North Rhine Westphalia CPI YoY is a key economic indicator that measures the year-over-year change in the Consumer Price Index (CPI) for the German state of North Rhine Westphalia. This indicator provides valuable insight into the rate of inflation in the region, allowing businesses and policymakers to make informed decisions regarding pricing and economic policies. It is widely used by investors, economists, and government officials to track the overall health of the economy and make predictions about future trends.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 2.9 %. Prior reading (Jul 2026): 2.7 %. Before that (Jun 2026): 2.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bullish FTSE 100, r=0.66) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |