FX.co ★ North Rhine-Westphalia Inflation Rebounds in July as CPI Rises 0.9% MoM

Consumer prices in Germany’s largest state, North Rhine-Westphalia, rose sharply in July 2026, with the Consumer Price Index (CPI) increasing by 0.9% month-over-month. The latest data, updated on 30 July 2026, mark a clear rebound from June, when prices had fallen by 0.4% compared with May.

The month-over-month comparison shows a notable turnaround in short-term price dynamics: after a period of declining prices in June, July’s figure indicates renewed upward pressure on consumer costs within the state. The “actual” July reading of 0.9% reflects the change from June to July, while the “previous” figure of -0.4% captures the change from May to June.

Although the data relate only to North Rhine-Westphalia, they offer an early signal of inflation trends within Germany, as the state often serves as a bellwether for broader national price developments.