What carries a higher price tag?
Going Easy on the Wallet in Neuss, but Just Barely
The latest consumer price index for North Rhine-Westphalia, calculated for September 2023 compared to September 2022 (base year 2020 = 100), stands at 4.2%. This marks a decrease since September 2021 when it was also 4.2%, marking the lowest price increase since then. According to Information and Technology North Rhine-Westphalia, the statistical office of the state, the core inflation, excluding food and energy prices, rose by 4.4% in the same period.
Several everyday items saw price fluctuations. Food and non-alcoholic beverages, such as fruit and vegetable juices and ice cream, experienced a sharp increase of 7.4%. conversely, edible fats and oils, including butter, and heating oil became cheaper by 13.6% and 11.6% respectively.
Compared to August 2023, prices for paprika and clothing increased in September 2023 by 17.1% and 4.2% respectively. However, carrots, cucumbers, and beer saw a decrease in price by 8.6%, 8.0%, and 4.2% respectively.
For a complete breakdown of consumer prices by main groups in North Rhine-Westphalia, head over to the Landesdatenbank NRW.
While it's comforting to see some reduction in inflation, a closer look at the trends reveals a more nuanced picture. Historical data points to a peak CPI inflation in North Rhine-Westphalia at a whopping 9.4% year-on-year in October 2022, the highest recorded since 1996.
Core inflation and food inflation likely followed a similar pattern of initial elevation, followed by a gradual easing. Energy prices, on the other hand, might have shown more volatility. Unfortunately, due to limited available data, the exact monthly fluctuations for these categories from September 2022 to September 2023 aren't explicitly mentioned in public records.
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As you strive to save money in Neuss, it might be prudent to keep an eye on your financial planning, particularly in relation to the ongoing changes in prices, especially for food and energy. The core inflation, excluding food and energy prices, is projected to continue its upward trend with a 4.4% increase from September 2022 to September 2023.
