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 | +0.73 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.57 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.26 | CRYPTO | 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 2.1% in June 2026. The reading fell from the previous value of 2.4%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.14%, ranging from 1.8% to 2.7% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 2.4%, up from the prior three at 1.87%. Volatility over the past year (σ 0.28%) is higher than the prior year (σ 0.25%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Jun 2026): actual 2.1 %. Prior reading (May 2026): 2.4 %. Before that (Apr 2026): 2.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bullish FTSE 100, r=0.73) — 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, July 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | DE | ZEW Current Conditions | -77.6 | -81 | -77.8 | -77.70 | Low |
| 09:00 | DE | Economic Sentiment | 26.3 | 10.5 | 15.1 | 20.70 | Medium |