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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany North Rhine Westphalia CPI YoY fell to 3.0 in November 2023
FMPMonthlyReleased 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 | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.59 | FOREX | Bearish EUR | → View |
| EUR/JPY | ▼ Inverse | −0.29 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The November 2023 reading fell from the previous value of 3.1. Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR) and negatively correlated with EUR/JPY (Bearish EUR).
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North Rhine Westphalia CPI YoY - DE
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