26 January 2004, 16:03  German NRW Jan CPI unchanged m/m, +1.2% y/y

BERLIN, Jan 26 - Consumer prices in the German state of North Rhine-Westphalia were unchanged in January compared with the previous month and rose by 1.2 percent from the same month a year earlier, data showed on Monday. Compared with January 2003, health costs posted the biggest gain, advancing 19.1 percent after government reforms, the state statistics office said. Electricity prices gained 4.9 percent in the year, while heating oil costs dropped by 7.2 percent.
Prices for package holidays fell 26 percent from the previous month in January and accommodation services costs dropped 16.8 percent, the office said. Prices of fresh vegatables rose by 6.5 percent in the month and fresh fruit costs gained 5.7 percent. The NRW data follows figures on Friday from the state of Saxony which showed consumer prices rose 0.1 percent month-on-month and by 1.1 percent from January 2003. According to the median forecast in a poll of 17 economists, German consumer prices in January probably rose by 0.1 percent in the month and by 1.2 percent in the year . Saxony and NRW were the first of six states to report data on consumer prices. The Federal Statistics Office uses data from the states to calculate preliminary figures for the whole of Germany. The remaining four states are due to release their consumer-price reports later on Monday or on Tuesday. Final January price data for Germany is due in mid-February.//

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