Inflation in Saxony at 2.4 percent - slight decline

The inflation rate in Saxony fell slightly in April. According to preliminary figures from the State Statistical Office in Kamenz, the annual inflation rate was 2.4 percent - 0.1 percentage points lower than in March. After an increase last month, inflation is now falling again.

Food more expensive, energy cheaper

People had to dig deeper into their pockets for food and non-alcoholic beverages (up 3.7 percent) compared to April 2024. The price increase was particularly high for fresh vegetables at 7.6 percent and for cooking fats and oils at 5.8 percent.

Those who booked a vacation also paid significantly more than a year ago: airline tickets were up 19.1 percent. Package tours (up 9.1 percent) and overnight stays (up 3.2 percent) also became more expensive.

Dropping energy prices provide compensation

On the other hand, there was a fall in energy prices (down 7.2 percent). Heating oil was 11.6 percent cheaper compared to the same month last year, while electricity was 6.5 percent cheaper. Fuel costs were also lower: petrol and diesel prices fell by 8.1 percent.

Seasonal effects drive prices up

Consumer prices in Saxony are expected to have risen by 0.5 percent compared to the previous month of March. The main drivers continued to be seasonal price increases for clothing (up 2.1 percent) and shoes (up 0.6 percent). The adjustments to public transport fares also made themselves felt: Prices for combined tickets rose by 2.3 percent.