Germany North Rhine Westphalia CPI YOY — | Sigmanomics
Germany North Rhine Westphalia CPI YoY
Latest Release
3
Actual
3.1
Consensus
3.1
Previous
Germany’s North Rhine Westphalia CPI YoY slowed to 1.80% in January 2026, down from 2.00% in December. This marks the lowest inflation rate since July 2025 and sits below the 12-month average of 2.08%, reflecting easing price pressures driven by moderating energy and food costs. Eurozone bond yields fell on the softer print, with markets pricing in reduced inflation risks and a steady ECB policy stance. Updated 2/27/26
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North Rhine Westphalia CPI YoY - DE
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Key Takeaways: North Rhine Westphalia's CPI YoY eased to 1.8% in January 2026, down from 2.0% in December. The reading sits below the 12-month average and marks the lowest level since July 2025. Energy and food prices moderated, while services inflation remained steady.
North Rhine Westphalia CPI YoY: Inflation Slows to 1.8% in January 2026
Peak in recent trend: 2.3% (September–November 2025)
Drivers this month
Energy: -0.09pp
Food: -0.04pp
Services: +0.02pp
Policy pulse
The 1.8% reading sits well below the ECB’s 2% target for the euro area, signaling subdued inflationary pressure in Germany’s largest state.
Market lens
Eurozone bond yields edged lower on the softer print. Investors interpreted the data as a sign of easing price pressures, with market-implied inflation expectations drifting downward.
Foundational Indicators
January 2026: 1.8%
December 2025: 2.0%
November 2025: 2.3%
October 2025: 2.3%
September 2025: 2.3%
July 2025: 1.8%
Drivers this month
Lower fuel prices
Stabilizing food costs
Steady services inflation
Policy pulse
With inflation below target for a second consecutive month, the pressure on the ECB to maintain a restrictive stance has eased.
Market lens
German Bunds rallied after the release. The move reflected investor confidence that inflation risks are receding in the region.
Chart Dynamics
January’s 1.8% CPI YoY print marks a decline from December’s 2.0% and sits below the 12-month average of 2.08%. The index has now fallen 0.5 percentage points from its recent high of 2.3% in November 2025. This is the lowest reading since July 2025. The trend over the past six months shows a clear deceleration, with three consecutive months at or above 2.3% followed by a sharp moderation.
The last time inflation was at this level was in July 2025, after which it accelerated through autumn before reversing course in January. The data series highlights the volatility in energy and food components, which have been the main drivers of recent swings.
North Rhine Westphalia CPI YoY trend (May 2025–January 2026)
What This Chart Tells Us: The chart underscores a decisive shift from persistent inflationary pressures to a more subdued environment. The recent drop below the 12-month average signals that disinflation is gaining traction, with energy and food costs exerting downward pressure on the headline rate.
Forward Outlook
Scenario probabilities
Bullish (CPI YoY ≤ 1.6%): 20–30%
Base (CPI YoY 1.7–2.0%): 50–60%
Bearish (CPI YoY ≥ 2.1%): 15–25%
Drivers this month
Energy price volatility
Labor market resilience
Global supply chain normalization
Policy pulse
The persistent undershoot of the ECB’s target could prompt a more dovish tone in future communications, though no immediate policy shift is signaled.
Market lens
EUR/USD softened modestly after the data. The move reflected market recalibration of inflation expectations and the euro’s relative yield appeal.
Closing Thoughts
Drivers this month
Energy and food disinflation
Stable services costs
Policy pulse
The latest CPI print reinforces the narrative of easing price pressures in North Rhine Westphalia, with inflation now at its lowest in over half a year.
Market lens
Risk assets in Germany saw a muted response. Investors remain focused on the broader euro area inflation trajectory and central bank guidance.
Key Markets Reacting to North Rhine Westphalia CPI YoY
North Rhine Westphalia’s inflation data influences a range of asset classes, from European equities to currency pairs and digital assets. The following symbols have shown sensitivity to regional CPI trends, reflecting shifts in inflation expectations and monetary policy outlook.
AAPL: German CPI trends can impact global tech sentiment, with Apple’s European revenues exposed to consumer demand shifts.
EURUSD: The euro’s value often reacts to inflation surprises in Germany’s largest state, affecting cross-border capital flows.
BTCUSD: Bitcoin’s narrative as an inflation hedge draws attention during periods of CPI volatility in major European economies.
Year
CPI YoY (%)
EURUSD (avg)
2020
0.6
1.14
2021
2.1
1.18
2022
3.4
1.05
2023
2.6
1.08
2024
2.2
1.09
2025
2.1
1.07
This table shows the relationship between North Rhine Westphalia CPI YoY and the EURUSD exchange rate since 2020. Periods of higher inflation have coincided with euro weakness, reflecting shifting monetary policy expectations.
Frequently Asked Questions
What is the latest North Rhine Westphalia CPI YoY figure?
The January 2026 CPI YoY for North Rhine Westphalia is 1.8%.
How does the current inflation reading compare to recent months?
January’s 1.8% is down from December’s 2.0% and well below the 2.3% seen in November and October 2025.
Why is North Rhine Westphalia CPI YoY important for markets?
As Germany’s largest state, its CPI trends often foreshadow national and euro area inflation, impacting currency, bond, and equity markets.
North Rhine Westphalia’s inflation slowdown signals a shift toward price stability in Germany’s economic heartland.
Updated 2/27/26
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
Sources:
Sigmanomics Economic Data Database, North Rhine Westphalia CPI YoY, accessed 2/27/26.
European Central Bank, Harmonised Index of Consumer Prices, latest release.
Economic Calendar - DE Events
Saturday, March 28, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
Unemployed Persons
-
2.977
3
3.00
Medium
08:55
DE
Unemployment Rate
-
6.3
6.3
6.30
Medium
08:55
DE
Employment Change
-
1
5
2.83
Medium
Thursday, March 26, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Consumer Confidence
-28
-24.8
-26.5
-26.40
High
Wednesday, March 25, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Ifo Business Climate
86.4
88.4
86.1
86.13
High
09:00
DE
Ifo Current Conditions
86.7
86.7
86
86.10
Low
09:00
DE
Ifo Expectations
86
90.2
86
85.75
Low
Tuesday, March 24, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Composite PMI
-
53.2
52
52.15
Medium
08:30
DE
HCOB Manufacturing PMI
-
50.9
50.7
50.95
High
08:30
DE
HCOB Services PMI
-
53.5
52.5
52.55
Medium
08:30
DE
Manufacturing PMI
-
50.9
50.7
50.98
High
08:30
DE
S&P Global Composite PMI
51.9
53.2
52
51.95
Medium
08:30
DE
S&P Global Services PMI
51.2
53.5
52.5
51.85
Medium
08:30
DE
S&P Global Manufacturing PMI
51.7
50.9
49.5
50.60
High
Friday, March 20, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Producer Price Index MoM
-0.5
-0.6
0.3
0.00
Low
07:00
DE
Producer Price Index YoY
-3.3
-3
-2.7
-2.98
Medium
Tuesday, March 17, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
10:00
DE
ZEW Current Conditions
-62.9
-65.9
-67.3
-65.17
Low
10:00
DE
ZEW Economic Sentiment Index
-0.5
58.3
39
34.90
High
10:00
DE
Economic Sentiment
-0.5
58.3
39
32.77
Medium
04:00
DE
Economic Sentiment
-
58.3
38.9
32.67
Medium
Friday, March 13, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Wholesale Prices MoM
0.6
0.9
0.4
0.47
Medium
Wednesday, March 11, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Inflation Rate MoM
0.2
0.1
0.2
0.18
Low
07:00
DE
Inflation Rate YoY
1.9
2.1
1.9
1.88
Low
07:00
DE
Harmonised Inflation Rate YoY
2
2.1
2
2.00
Low
07:00
DE
Harmonised Inflation Rate MoM
0.4
-0.1
0.4
0.40
Low
07:00
DE
HICP YoY
2
2.1
2
1.98
Low
07:00
DE
CPI
1.9
2.1
1.9
1.85
Medium
07:00
DE
HICP MoM
0.4
-0.1
0.4
0.38
Low
06:00
DE
HICP MoM
-
0.4
0.4
0.38
Low
06:00
DE
CPI
-
0.2
0.2
0.15
High
06:00
DE
HICP YoY
-
2
2
1.98
Low
01:00
DE
HICP YoY
2
2.1
2
1.98
Low
01:00
DE
HICP MoM
0.4
-0.1
0.4
0.38
Low
01:00
DE
CPI
0.2
0.1
0.2
0.15
High
Tuesday, March 10, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Balance of Trade
21.2
17.4
15.2
16.15
High
07:00
DE
Exports MoM
-2.3
3.9
-2
-2.02
Medium
Monday, March 9, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Factory Orders MoM
-
7.8
-4.3
-2.33
Medium
07:00
DE
Industrial Production MoM
-0.5
-1
0.9
0.50
Medium
07:00
DE
Factory Orders MoM
-11.1
6.4
-4.3
-2.33
Medium
Friday, March 6, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
11:00
DE
New Car Sales YoY
3.8
-6.6
-4.4
-0.30
Low
09:00
DE
Factory Orders MoM
-
7.8
-4.3
-2.33
Medium
07:00
DE
Factory Orders MoM
-
7.8
-4.3
-2.33
Medium
Thursday, March 5, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Construction PMI
43.7
44.7
45.4
44.70
Low
Wednesday, March 4, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Services PMI
53.5
52.4
53.4
53.45
Low
08:55
DE
HCOB Composite PMI
53.2
52.1
53.1
53.25
Low
08:55
DE
PMI
53.2
53.1
53.1
53.18
Low
08:55
DE
Services PMI
53.5
53.4
53.4
53.43
Medium
Monday, March 2, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Manufacturing PMI
50.9
49.1
50.7
50.95
Low
08:55
DE
Manufacturing PMI
50.9
49.1
50.7
50.98
Low
07:00
DE
Retail Sales YoY
1.2
4.3
1.9
1.77
Medium
07:00
DE
Retail Sales MoM
-0.9
1.2
0.5
0.07
Medium
Saturday, February 28, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
Unemployment Rate
-
6.3
6.3
6.30
Medium
08:55
DE
Unemployed Persons
-
2.976
2.981
2.98
Medium
08:55
DE
Employment Change
-
0
5
2.83
Medium
Friday, February 27, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:00
DE
Harmonised Inflation Rate YoY
2
2.1
2
2.00
Low
13:00
DE
Harmonised Inflation Rate MoM
0.4
-0.1
0.4
0.40
Low
13:00
DE
Inflation Rate YoY
1.9
2.1
2
1.98
High
13:00
DE
Inflation Rate MoM
0.2
0.1
0.3
0.28
Medium
13:00
DE
HICP YoY
2
2.1
2.1
2.08
Low
13:00
DE
HICP MoM
0.4
-0.1
0.5
0.48
Low
13:00
DE
CPI
0.2
0.1
0.5
0.45
High
08:55
DE
Employment Change
1
1
5
2.83
Medium
08:55
DE
Unemployed Persons
2.977
2.976
2.981
2.98
Medium
08:55
DE
Unemployment Rate
6.3
6.3
6.3
6.30
Medium
07:00
DE
Import Prices MoM
1.1
-0.1
0.6
0.75
Low
07:00
DE
Import Prices YoY
-2.3
-2.3
-2.8
-2.65
Low
06:00
DE
CPI
-
2.1
2
1.95
Medium
Wednesday, February 25, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
GDP Growth Rate YoY
0.4
0.3
0.4
0.38
Low
07:00
DE
GDP Growth Rate QoQ
0.3
0
0.3
0.32
Low
07:00
DE
Gross Domestic Product YoY
0.4
0.3
0.4
0.42
Medium
07:00
DE
Gross Domestic Product QoQ
0.3
0
0.3
0.32
High
00:00
DE
Gross Domestic Product YoY
0.4
0.3
0.4
0.42
Medium
00:00
DE
Gross Domestic Product QoQ
0.3
0
0.3
0.32
High
Monday, February 23, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Ifo Business Climate
88.6
87.6
87.9
87.93
High
09:00
DE
Ifo Current Conditions
86.7
85.7
86
86.10
Low
Friday, February 20, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Composite PMI
53.1
52.1
51.9
52.05
Medium
08:30
DE
HCOB Services PMI
53.4
52.4
52.3
52.35
Medium
08:30
DE
HCOB Manufacturing PMI
50.7
49.1
49.8
50.05
High
08:30
DE
Manufacturing PMI
50.7
49.1
49.6
49.88
Medium
08:30
DE
Services PMI
53.4
52.4
52.4
52.43
Medium
08:30
DE
PMI
53.1
52.1
52.3
52.38
Low
07:00
DE
Producer Price Index MoM
-0.6
-0.2
0.1
-0.20
Low
07:00
DE
Producer Price Index YoY
-3
-2.5
-2.3
-2.58
Medium
Tuesday, February 17, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
10:00
DE
ZEW Economic Sentiment Index
58.3
59.6
61
56.90
High
10:00
DE
ZEW Current Conditions
-65.9
-72.7
-67
-64.87
Low
10:00
DE
Economic Sentiment
58.3
59.6
65.8
59.57
Medium
07:00
DE
Harmonised Inflation Rate MoM
-0.1
0.2
-0.1
-0.10
Low
07:00
DE
Inflation Rate MoM
0.1
0
0.1
0.08
Low
07:00
DE
Harmonised Inflation Rate YoY
2.1
2
2.1
2.10
Low
07:00
DE
Inflation Rate YoY
2.1
1.8
2.1
2.08
Low
07:00
DE
HICP YoY
2.1
2
2.1
2.08
Low
07:00
DE
HICP MoM
-0.1
0.2
-0.1
-0.12
Low
07:00
DE
CPI
2.1
1.8
2.1
2.05
Medium
Friday, February 13, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Wholesale Prices YoY
1.2
1.2
0.6
0.65
Medium
07:00
DE
Wholesale Prices MoM
0.9
-0.2
0.3
0.37
Medium
Thursday, February 12, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:45
DE
Current Account
16.1
14.2
14.2
14.68
Low
Friday, February 6, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Imports MoM
1.4
0.7
0.4
0.80
Low
07:00
DE
Exports MoM
4
-2.5
1.1
1.08
Medium
07:00
DE
Balance of Trade
17.1
13.6
14
14.95
High
07:00
DE
Industrial Production MoM
-1.9
0.2
0.3
-0.10
Medium
Thursday, February 5, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Construction PMI
44.7
50.3
50.5
49.80
Low
07:00
DE
Factory Orders MoM
7.8
5.7
-4.2
-2.23
Medium
Wednesday, February 4, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
11:30
DE
New Car Registrations YoY
-6.6
9.7
3.4
2.57
Low
08:55
DE
HCOB Services PMI
52.4
52.7
53.3
53.35
Low
08:55
DE
HCOB Composite PMI
52.1
51.3
52.5
52.65
Low
08:55
DE
Services PMI
52.4
52.7
53.3
53.33
Medium
08:55
DE
PMI
52.1
51.3
52.5
52.58
Low
Monday, February 2, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Manufacturing PMI
49.1
47
48.7
48.95
Low
08:55
DE
Manufacturing PMI
49.1
47
48.7
48.98
Medium
07:00
DE
Retail Sales YoY
1.5
-1.6
1.5
1.37
Medium
07:00
DE
Retail Sales MoM
0.1
-0.5
0.5
0.07
Medium
Friday, January 30, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:00
DE
Harmonised Inflation Rate MoM
-0.1
0.2
-0.1
-0.10
Low
13:00
DE
Inflation Rate YoY
2.1
1.8
1.9
1.88
High
13:00
DE
Inflation Rate MoM
0.1
0
-0.1
-0.12
Medium
13:00
DE
Harmonised Inflation Rate YoY
2.1
2
2.1
2.10
Low
13:00
DE
CPI
0.1
0
0
-0.05
High
13:00
DE
HICP MoM
-0.1
0.2
-0.2
-0.22
Low
13:00
DE
HICP YoY
2.1
2
2
1.98
Low
09:00
DE
GDP Growth Rate YoY
0.4
0.3
0.5
0.47
High
09:00
DE
GDP Growth Rate QoQ
0.3
0
0.2
0.23
High
09:00
DE
Gross Domestic Product YoY
0.4
0.3
0.3
0.32
Medium
09:00
DE
Gross Domestic Product QoQ
0.3
0
0.2
0.22
High
08:55
DE
Employment Change
0
3
7
4.83
Medium
08:55
DE
Unemployment Rate
6.3
6.3
6.3
6.30
Medium
07:00
DE
Import Prices MoM
-0.1
0.5
-0.2
-0.05
Low
07:00
DE
Import Prices YoY
-2.3
-1.9
-2.4
-2.25
Low
Thursday, January 29, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Consumer Confidence
-
-26.9
-26
-25.90
High
Wednesday, January 28, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Consumer Confidence
-24.1
-26.9
-26
-25.90
High
Monday, January 26, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Ifo Expectations
89.5
89.7
90.5
90.25
Low
09:00
DE
Ifo Current Conditions
85.7
85.6
86.5
86.60
Low
09:00
DE
Ifo Business Climate
87.6
87.6
88.4
88.43
High
Friday, January 23, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:30
DE
HCOB Manufacturing PMI
-
47
48.5
48.75
High
08:30
DE
HCOB Composite PMI
-
51.3
52.2
52.35
Medium
08:30
DE
HCOB Services PMI
-
52.7
52.9
52.95
Medium
08:30
DE
Services PMI
-
52.7
52.5
52.53
Medium
08:30
DE
Manufacturing PMI
-
47
47.6
47.88
Medium
Tuesday, January 20, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
10:00
DE
ZEW Current Conditions
-72.7
-81
-80
-77.87
Low
10:00
DE
ZEW Economic Sentiment Index
59.6
45.8
42
37.90
High
10:00
DE
Economic Sentiment
59.6
45.8
50
43.77
Medium
07:00
DE
Producer Price Index MoM
-0.2
0
0.1
-0.20
Low
07:00
DE
Producer Price Index YoY
-2.5
-2.3
-2.1
-2.38
Medium
Friday, January 16, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Harmonised Inflation Rate MoM
0.2
-0.5
0.2
0.20
Low
07:00
DE
Harmonised Inflation Rate YoY
2
2.6
2
2.00
Low
07:00
DE
Inflation Rate MoM
0
-0.2
0
-0.02
Low
07:00
DE
Inflation Rate YoY
1.8
2.3
1.8
1.78
Low
07:00
DE
HICP YoY
2
2.6
2
1.98
Low
07:00
DE
HICP MoM
0.2
-0.5
0.2
0.18
Low
07:00
DE
CPI
1.8
2.3
1.8
1.75
Medium
Thursday, January 15, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
09:00
DE
Full Year GDP Growth
-
-0.2
0.2
0.20
High
07:00
DE
Wholesale Prices MoM
-0.2
0.3
0.2
0.27
Medium
07:00
DE
Wholesale Prices YoY
1.2
1.5
1.6
1.65
Medium
Monday, January 12, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:45
DE
Current Account
15.1
14.8
15.1
15.57
Low
Friday, January 9, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Exports MoM
-2.5
0.3
0.2
0.18
Medium
07:00
DE
Balance of Trade
13.1
17.2
16.5
17.45
High
07:00
DE
Industrial Production MoM
0.8
2
-0.4
-0.80
Medium
07:00
DE
Imports MoM
0.8
-1.5
0.2
0.60
Low
Thursday, January 8, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
07:00
DE
Factory Orders MoM
5.6
1.6
-1
0.97
Medium
Wednesday, January 7, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
Unemployment Rate
6.3
6.3
6.3
6.30
High
08:55
DE
Unemployed Persons
2.977
2.973
2.978
2.98
Medium
08:55
DE
Employment Change
3
1
5
2.83
High
08:30
DE
HCOB Construction PMI
50.3
45.2
47
46.30
Low
07:00
DE
Retail Sales YoY
1.1
1.6
1.2
1.07
High
07:00
DE
Retail Sales MoM
-0.6
0.3
0.2
-0.23
High
Tuesday, January 6, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
13:00
DE
Harmonised Inflation Rate MoM
0.2
-0.5
0.4
0.40
Low
13:00
DE
Harmonised Inflation Rate YoY
2
2.6
2.2
2.20
Low
13:00
DE
Inflation Rate YoY
1.8
2.3
2
1.98
High
13:00
DE
Inflation Rate MoM
0
-0.2
0.2
0.18
Medium
13:00
DE
HICP YoY
2
2.6
2.2
2.18
Low
13:00
DE
HICP MoM
0.2
-0.5
0.4
0.38
Low
13:00
DE
CPI
0
-0.2
0.3
0.25
High
11:00
DE
New Car Registrations YoY
9.7
2.5
3
2.17
Low
08:55
DE
HCOB Composite PMI
51.3
52.4
51.5
51.65
Low
08:55
DE
HCOB Services PMI
52.7
53.1
52.6
52.65
Low
08:55
DE
Services PMI
52.7
53.1
52.6
52.63
Medium
08:55
DE
PMI
51.3
52.4
51.5
51.58
Low
Friday, January 2, 2026
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
08:55
DE
HCOB Manufacturing PMI
47
48.2
47.7
47.95
Low
08:55
DE
Manufacturing PMI
47
48.2
47.7
47.98
Medium
Sunday, January 1, 2023
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Current account balance (% of GDP)
6.2498937789241
6.2498937789241
6.2498937789241
6.25
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
43.402348556343
43.402348556343
43.402348556343
43.40
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
131.89244820704
131.89244820704
131.89244820704
131.89
Medium
00:00
DEUDEU
GDP (current US$)
4456081016706
4456081016706
4456081016706
4456081016706.00
Medium
00:00
DEUDEU
GDP growth (annual %)
-0.30493457574082
-0.30493457574082
-0.30493457574082
-0.30
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
5.9464366772582
5.9464366772582
5.9464366772582
5.95
Medium
00:00
DEUDEU
Population, total
84482267
84482267
84482267
84482267.00
Medium
00:00
DEUDEU
Labor force, total
44183950
44183950
44183950
44183950.00
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
3.068
3.068
3.068
3.07
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
39.396757893228
39.396757893228
39.396757893228
39.40
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.149
2.149
2.149
2.15
Medium
Saturday, January 1, 2022
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
3.12
3.12
3.12
3.12
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
43.283609646294
43.283609646294
43.283609646294
43.28
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
1.877
1.877
1.877
1.88
Medium
00:00
DEUDEU
New businesses registered (number)
74773
74773
74773
74773.00
Medium
00:00
DEUDEU
Current account balance (% of GDP)
4.2824780062944
4.2824780062944
4.2824780062944
4.28
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
45.780517723232
45.780517723232
45.780517723232
45.78
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
124.48974438737
124.48974438737
124.48974438737
124.49
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
103.80928452825
103.80928452825
103.80928452825
103.81
Medium
00:00
DEUDEU
GDP (current US$)
4082469490797.7
4082469490797.7
4082469490797.7
4082469490797.70
Medium
00:00
DEUDEU
GDP growth (annual %)
1.8062089672435
1.8062089672435
1.8062089672435
1.81
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.455
1.455
1.455
1.46
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
6.872574385511
6.872574385511
6.872574385511
6.87
Medium
00:00
DEUDEU
Population, total
83797985
83797985
83797985
83797985.00
Medium
00:00
DEUDEU
Labor force, total
44221553
44221553
44221553
44221553.00
Medium
Friday, January 1, 2021
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Labor force, total
43394362
43394362
43394362
43394362.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.404
2.404
2.404
2.40
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
3.594
3.594
3.594
3.59
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
37.499034397219
37.499034397219
37.499034397219
37.50
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.518
4.518
4.518
4.52
Medium
00:00
DEUDEU
New businesses registered (number)
82991
82991
82991
82991.00
Medium
00:00
DEUDEU
Current account balance (% of GDP)
7.294129977959
7.294129977959
7.294129977959
7.29
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
42.657583653841
42.657583653841
42.657583653841
42.66
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
116.48427588009
116.48427588009
116.48427588009
116.48
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
105.23572750741
105.23572750741
105.23572750741
105.24
Medium
00:00
DEUDEU
GDP (current US$)
4278503934689.9
4278503934689.9
4278503934689.9
4278503934689.90
Medium
00:00
DEUDEU
GDP growth (annual %)
3.1638199419458
3.1638199419458
3.1638199419458
3.16
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.58
1.58
1.58
1.58
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
3.0666666666667
3.0666666666667
3.0666666666667
3.07
Medium
00:00
DEUDEU
Population, total
83196078
83196078
83196078
83196078.00
Medium
Wednesday, January 1, 2020
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Armed forces personnel, total
183000
183000
183000
183000.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
0.14487792581398
0.14487792581398
0.14487792581398
0.14
Medium
00:00
DEUDEU
Population, total
83160871
83160871
83160871
83160871.00
Medium
00:00
DEUDEU
Labor force, total
43496057
43496057
43496057
43496057.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.544
2.544
2.544
2.54
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
3.881
3.881
3.881
3.88
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
33.824073376198
33.824073376198
33.824073376198
33.82
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.459
4.459
4.459
4.46
Medium
00:00
DEUDEU
New businesses registered (number)
72774
72774
72774
72774.00
Medium
00:00
DEUDEU
Current account balance (% of GDP)
6.5672991745981
6.5672991745981
6.5672991745981
6.57
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
39.169183852134
39.169183852134
39.169183852134
39.17
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
113.01837892634
113.01837892634
113.01837892634
113.02
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
106.16120771029
106.16120771029
106.16120771029
106.16
Medium
00:00
DEUDEU
GDP (current US$)
3887727161914.4
3887727161914.4
3887727161914.4
3887727161914.40
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
7.8
7.8
7.8
7.80
Medium
00:00
DEUDEU
GDP growth (annual %)
-3.8267687161929
-3.8267687161929
-3.8267687161929
-3.83
Medium
00:00
DEUDEU
Human Capital Index (HCI) (scale 0-1)
0.75116246938705
0.75116246938705
0.75116246938705
0.75
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.53
1.53
1.53
1.53
Medium
Tuesday, January 1, 2019
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Time required to start a business (days)
8
8
8
8.00
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.54
1.54
1.54
1.54
Medium
00:00
DEUDEU
Population, total
83092962
83092962
83092962
83092962.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
184000
184000
184000
184000.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
1.4456597688825
1.4456597688825
1.4456597688825
1.45
Medium
00:00
DEUDEU
Labor force, total
44421597
44421597
44421597
44421597.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
1.872
1.872
1.872
1.87
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
3.163
3.163
3.163
3.16
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
36.747442628887
36.747442628887
36.747442628887
36.75
Medium
00:00
DEUDEU
New businesses registered (number)
73991
73991
73991
73991.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.391
4.391
4.391
4.39
Medium
00:00
DEUDEU
Current account balance (% of GDP)
8.1737650367032
8.1737650367032
8.1737650367032
8.17
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
42.386304485584
42.386304485584
42.386304485584
42.39
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
112.85487712119
112.85487712119
112.85487712119
112.85
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
100.53875683188
100.53875683188
100.53875683188
100.54
Medium
00:00
DEUDEU
GDP (current US$)
3889177589254.9
3889177589254.9
3889177589254.9
3889177589254.90
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
7.91
7.91
7.91
7.91
Medium
00:00
DEUDEU
GDP growth (annual %)
1.0754716357642
1.0754716357642
1.0754716357642
1.08
Medium
Monday, January 1, 2018
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
GDP growth (annual %)
0.98123260600474
0.98123260600474
0.98123260600474
0.98
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.57
1.57
1.57
1.57
Medium
00:00
DEUDEU
Time required to start a business (days)
8
8
8
8.00
Medium
00:00
DEUDEU
Population, total
82905782
82905782
82905782
82905782.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
181400
181400
181400
181400.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
1.7321687976694
1.7321687976694
1.7321687976694
1.73
Medium
00:00
DEUDEU
Labor force, total
43914221
43914221
43914221
43914221.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
1.906
1.906
1.906
1.91
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
3.384
3.384
3.384
3.38
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
36.620267958369
36.620267958369
36.620267958369
36.62
Medium
00:00
DEUDEU
New businesses registered (number)
72844
72844
72844
72844.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.311
4.311
4.311
4.31
Medium
00:00
DEUDEU
Current account balance (% of GDP)
7.9731451781419
7.9731451781419
7.9731451781419
7.97
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
42.607391733919
42.607391733919
42.607391733919
42.61
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
111.24662935635
111.24662935635
111.24662935635
111.25
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
101.4878994338
101.4878994338
101.4878994338
101.49
Medium
00:00
DEUDEU
GDP (current US$)
3974443355019.6
3974443355019.6
3974443355019.6
3974443355019.60
Medium
00:00
DEUDEU
Human Capital Index (HCI) (scale 0-1)
0.7637727856636
0.7637727856636
0.7637727856636
0.76
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
7.98
7.98
7.98
7.98
Medium
Sunday, January 1, 2017
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Human Capital Index (HCI) (scale 0-1)
0.795
0.795
0.795
0.80
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.01
8.01
8.01
8.01
Medium
00:00
DEUDEU
GDP growth (annual %)
2.6802311140589
2.6802311140589
2.6802311140589
2.68
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.57
1.57
1.57
1.57
Medium
00:00
DEUDEU
Time required to start a business (days)
8
8
8
8.00
Medium
00:00
DEUDEU
Population, total
82657002
82657002
82657002
82657002.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
180000
180000
180000
180000.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
1.5094948510963
1.5094948510963
1.5094948510963
1.51
Medium
00:00
DEUDEU
Labor force, total
43785860
43785860
43785860
43785860.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
1.99
1.99
1.99
1.99
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
3.781
3.781
3.781
3.78
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
35.24065551723
35.24065551723
35.24065551723
35.24
Medium
00:00
DEUDEU
New businesses registered (number)
71801
71801
71801
71801.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.251
4.251
4.251
4.25
Medium
00:00
DEUDEU
Current account balance (% of GDP)
7.8479532810537
7.8479532810537
7.8479532810537
7.85
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
42.325981429613
42.325981429613
42.325981429613
42.33
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
109.35246016194
109.35246016194
109.35246016194
109.35
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
100.82338015807
100.82338015807
100.82338015807
100.82
Medium
00:00
DEUDEU
GDP (current US$)
3690849152517.6
3690849152517.6
3690849152517.6
3690849152517.60
Medium
Friday, January 1, 2016
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
GDP (current US$)
3469853463945.5
3469853463945.5
3469853463945.5
3469853463945.50
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.06
8.06
8.06
8.06
Medium
00:00
DEUDEU
GDP growth (annual %)
2.2299998678201
2.2299998678201
2.2299998678201
2.23
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.6
1.6
1.6
1.60
Medium
00:00
DEUDEU
Time required to start a business (days)
8
8
8
8.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
0.49174700844517
0.49174700844517
0.49174700844517
0.49
Medium
00:00
DEUDEU
Population, total
82348669
82348669
82348669
82348669.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
179100
179100
179100
179100.00
Medium
00:00
DEUDEU
Labor force, total
43538432
43538432
43538432
43538432.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.179
2.179
2.179
2.18
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
4.104
4.104
4.104
4.10
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
34.360769810801
34.360769810801
34.360769810801
34.36
Medium
00:00
DEUDEU
New businesses registered (number)
70720
70720
70720
70720.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.187
4.187
4.187
4.19
Medium
00:00
DEUDEU
Current account balance (% of GDP)
8.6158814419083
8.6158814419083
8.6158814419083
8.62
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
41.623817703396
41.623817703396
41.623817703396
41.62
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
107.72633665683
107.72633665683
107.72633665683
107.73
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
101.29487947323
101.29487947323
101.29487947323
101.29
Medium
Thursday, January 1, 2015
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
GDP (current US$)
3357585719351.6
3357585719351.6
3357585719351.6
3357585719351.60
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.09
8.09
8.09
8.09
Medium
00:00
DEUDEU
GDP growth (annual %)
1.4919315276077
1.4919315276077
1.4919315276077
1.49
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.5
1.5
1.5
1.50
Medium
00:00
DEUDEU
Time required to start a business (days)
10.5
10.5
10.5
10.50
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
0.51442613712546
0.51442613712546
0.51442613712546
0.51
Medium
00:00
DEUDEU
Population, total
81686611
81686611
81686611
81686611.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
177300
177300
177300
177300.00
Medium
00:00
DEUDEU
Labor force, total
42657954
42657954
42657954
42657954.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.263
2.263
2.263
2.26
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
4.612
4.612
4.612
4.61
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
35.186913616256
35.186913616256
35.186913616256
35.19
Medium
00:00
DEUDEU
New businesses registered (number)
69384
69384
69384
69384.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.12
4.12
4.12
4.12
Medium
00:00
DEUDEU
Current account balance (% of GDP)
8.5795411228074
8.5795411228074
8.5795411228074
8.58
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
42.604443148121
42.604443148121
42.604443148121
42.60
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
107.19918785746
107.19918785746
107.19918785746
107.20
Medium
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
101.49065973151
101.49065973151
101.49065973151
101.49
Medium
Wednesday, January 1, 2014
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Primary government expenditures as a proportion of original approved budget (%)
105.20875924729
105.20875924729
105.20875924729
105.21
Medium
00:00
DEUDEU
GDP (current US$)
3889093051023.5
3889093051023.5
3889093051023.5
3889093051023.50
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.14
8.14
8.14
8.14
Medium
00:00
DEUDEU
GDP growth (annual %)
2.2095434313487
2.2095434313487
2.2095434313487
2.21
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.47
1.47
1.47
1.47
Medium
00:00
DEUDEU
Time required to start a business (days)
14.5
14.5
14.5
14.50
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
0.90679400043425
0.90679400043425
0.90679400043425
0.91
Medium
00:00
DEUDEU
Population, total
80982500
80982500
80982500
80982500.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
178600
178600
178600
178600.00
Medium
00:00
DEUDEU
Labor force, total
42474093
42474093
42474093
42474093.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.471
2.471
2.471
2.47
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
4.98
4.98
4.98
4.98
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
35.146440571224
35.146440571224
35.146440571224
35.15
Medium
00:00
DEUDEU
New businesses registered (number)
67458
67458
67458
67458.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
4.064
4.064
4.064
4.06
Medium
00:00
DEUDEU
Current account balance (% of GDP)
7.1848726280907
7.1848726280907
7.1848726280907
7.18
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
41.683890699692
41.683890699692
41.683890699692
41.68
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
106.65054955516
106.65054955516
106.65054955516
106.65
Medium
Tuesday, January 1, 2013
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
GDP (current US$)
3733804649549
3733804649549
3733804649549
3733804649549.00
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.17
8.17
8.17
8.17
Medium
00:00
DEUDEU
GDP growth (annual %)
0.43759130314467
0.43759130314467
0.43759130314467
0.44
Medium
00:00
DEUDEU
Time required to start a business (days)
14.5
14.5
14.5
14.50
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.42
1.42
1.42
1.42
Medium
00:00
DEUDEU
Armed forces personnel, total
181550
181550
181550
181550.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
1.5047233025188
1.5047233025188
1.5047233025188
1.50
Medium
00:00
DEUDEU
Population, total
80645605
80645605
80645605
80645605.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Labor force, total
42229389
42229389
42229389
42229389.00
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.408
2.408
2.408
2.41
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
5.316
5.316
5.316
5.32
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
35.895726960743
35.895726960743
35.895726960743
35.90
Medium
00:00
DEUDEU
New businesses registered (number)
68526
68526
68526
68526.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
3.984
3.984
3.984
3.98
Medium
00:00
DEUDEU
Current account balance (% of GDP)
6.5719639967929
6.5719639967929
6.5719639967929
6.57
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
41.668654613431
41.668654613431
41.668654613431
41.67
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
105.69213957457
105.69213957457
105.69213957457
105.69
Medium
Sunday, January 1, 2012
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
GDP (current US$)
3527143188785.2
3527143188785.2
3527143188785.2
3527143188785.20
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.22
8.22
8.22
8.22
Medium
00:00
DEUDEU
GDP growth (annual %)
0.4184975942176
0.4184975942176
0.4184975942176
0.42
Medium
00:00
DEUDEU
Time required to start a business (days)
14.5
14.5
14.5
14.50
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.41
1.41
1.41
1.41
Medium
00:00
DEUDEU
Armed forces personnel, total
186450
186450
186450
186450.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
2.0084888478296
2.0084888478296
2.0084888478296
2.01
Medium
00:00
DEUDEU
Population, total
80425823
80425823
80425823
80425823.00
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Labor force, total
41842453
41842453
41842453
41842453.00
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
5.372
5.372
5.372
5.37
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
36.631671416022
36.631671416022
36.631671416022
36.63
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.372
2.372
2.372
2.37
Medium
00:00
DEUDEU
New businesses registered (number)
69332
69332
69332
69332.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
3.892
3.892
3.892
3.89
Medium
00:00
DEUDEU
Current account balance (% of GDP)
7.131858140018
7.131858140018
7.131858140018
7.13
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
42.668816374921
42.668816374921
42.668816374921
42.67
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
104.1253413002
104.1253413002
104.1253413002
104.13
Medium
Saturday, January 1, 2011
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
GDP (current US$)
3749314991050.6
3749314991050.6
3749314991050.6
3749314991050.60
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.26
8.26
8.26
8.26
Medium
00:00
DEUDEU
GDP growth (annual %)
3.9251927046341
3.9251927046341
3.9251927046341
3.93
Medium
00:00
DEUDEU
Time required to start a business (days)
14.5
14.5
14.5
14.50
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.39
1.39
1.39
1.39
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
196000
196000
196000
196000.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
2.0751728373587
2.0751728373587
2.0751728373587
2.08
Medium
00:00
DEUDEU
Population, total
80274983
80274983
80274983
80274983.00
Medium
00:00
DEUDEU
Labor force, total
41687099
41687099
41687099
41687099.00
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
5.967
5.967
5.967
5.97
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
36.777324487501
36.777324487501
36.777324487501
36.78
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.225
2.225
2.225
2.23
Medium
00:00
DEUDEU
New businesses registered (number)
71190
71190
71190
71190.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
3.822
3.822
3.822
3.82
Medium
00:00
DEUDEU
Current account balance (% of GDP)
6.187041866658
6.187041866658
6.187041866658
6.19
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
41.629988973037
41.629988973037
41.629988973037
41.63
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
102.07517283736
102.07517283736
102.07517283736
102.08
Medium
Friday, January 1, 2010
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
Human Capital Index (HCI) (scale 0-1)
0.76074028015137
0.76074028015137
0.76074028015137
0.76
Medium
00:00
DEUDEU
GDP (current US$)
3399667820000
3399667820000
3399667820000
3399667820000.00
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.29
8.29
8.29
8.29
Medium
00:00
DEUDEU
GDP growth (annual %)
4.1798824987366
4.1798824987366
4.1798824987366
4.18
Medium
00:00
DEUDEU
Time required to start a business (days)
14.5
14.5
14.5
14.50
Medium
00:00
DEUDEU
Fertility rate, total (births per woman)
1.39
1.39
1.39
1.39
Medium
00:00
DEUDEU
Time required to build a warehouse (days)
126
126
126
126.00
Medium
00:00
DEUDEU
Armed forces personnel, total
251465
251465
251465
251465.00
Medium
00:00
DEUDEU
Inflation, consumer prices (annual %)
1.1038103778926
1.1038103778926
1.1038103778926
1.10
Medium
00:00
DEUDEU
Population, total
81776930
81776930
81776930
81776930.00
Medium
00:00
DEUDEU
Labor force, total
41901466
41901466
41901466
41901466.00
Medium
00:00
DEUDEU
Unemployment, total (% of total labor force) (national estimate)
7.043
7.043
7.043
7.04
Medium
00:00
DEUDEU
Imports of goods and services (% of GDP)
34.379372032751
34.379372032751
34.379372032751
34.38
Medium
00:00
DEUDEU
Unemployment with advanced education (% of total labor force with advanced education)
2.829
2.829
2.829
2.83
Medium
00:00
DEUDEU
New businesses registered (number)
73966
73966
73966
73966.00
Medium
00:00
DEUDEU
Physicians (per 1,000 people)
3.734
3.734
3.734
3.73
Medium
00:00
DEUDEU
Current account balance (% of GDP)
5.7703256182104
5.7703256182104
5.7703256182104
5.77
Medium
00:00
DEUDEU
Exports of goods and services (% of GDP)
39.483268732369
39.483268732369
39.483268732369
39.48
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
100
100
100
100.00
Medium
Thursday, January 1, 2009
Actual
Previous
Consensus
Sigmanomics Rolling-Surprise Forecast
Impact
00:00
DEUDEU
GDP (current US$)
3411261212652.3
3411261212652.3
3411261212652.3
3411261212652.30
Medium
00:00
DEUDEU
Hospital beds (per 1,000 people)
8.3
8.3
8.3
8.30
Medium
00:00
DEUDEU
Consumer price index (2010 = 100)
98.908240575932
98.908240575932
98.908240575932
98.91
Medium
Symbol
Price
Analysis and Forecast
North Rhine Westphalia CPI Inflation Slows to 1.80 Percent The Consumer Price Index (CPI) measures the average change in prices paid by consumers for goods and services over time. North Rhine Westphalia's CPI inflation slowed to 1.80% in January 2026, down from 2.00% in December 2025, with the latest data released on February 27, 2026. This decline marks the lowest inflation rate since July 2025 and reflects easing price pressures in Germany’s largest state. Energy and food prices contributed to the moderation, while services inflation remained steady. The softer inflation reading aligns with broader eurozone trends and reduces pressure on the European Central Bank to tighten monetary policy further. According to economist Dr. Lena Hoffmann of the German Institute for Economic Research, "The recent slowdown in inflation signals a stabilizing price environment, which should support consumer confidence and spending in the near term."
The last time inflation was at this level was in July 2025, after which it accelerated through autumn before reversing course in January. The data series highlights the volatility in energy and food components, which have been the main drivers of recent swings.