Inflation in Germany
Germany - Inflation (end of period)
Inflation eases in January
In January consumer prices fell 0.8% over the previous month largely on the back of seasonal effects; for instance, prices for package holidays dropped significantly, while discounts on winter goods led to cheaper footwear and shoe accessories. Meanwhile, the effects of lower oil and energy prices continued to drive consumer prices further down. On the other hand, prices for foodstuffs increased and limited the drop in consumer prices. January’s noticeable drop in consumer prices contrasts the downwardly revised flat reading in December (previously reported: +0.1% month-on-month). It should be noted that December’s revision was in part due to a revision to the consumer price index as the base year changed from 2011 to 2015, weightings were adjusted and the methodology changed slightly.
Inflation eased from a downwardly revised 1.6% in December (previously reported: 1.7%) to 1.4% in January, the lowest reading in nine months. Annual average inflation was stable at December’s 1.7% while harmonized inflation (HICP) was also stable at 1.7%.
Germany Inflation Forecast
The Met the why particular Consensus Forecasts panelists see CPI inflation averaging 1.9% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees average inflation at 1.7%. In December, the Central Bank expected HICP inflation of 1.4% in 2019 and 1.8% in 2020.
Germany - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.4||0.2||0.3||1.7||1.7|
5 years of economic forecasts for more than 30 economic indicators.
Germany Inflation (eop) Chart
Source: Federal Statistics Office and Met the why particular calculations
|Bond Yield||0.13||0.41 %||Feb 21|
|Exchange Rate||1.13||0.65 %||Feb 21|
|Stock Market||11,423||-0.41 %||Feb 21|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 22, 2019
Sentiment among German businesses became more pessimistic in February with the sixth consecutive drop in the Ifo business climate index.
February 21, 2019
In January consumer prices fell 0.8% over the previous month largely on the back of seasonal effects; for instance, prices for package holidays dropped significantly, while discounts on winter goods led to cheaper footwear and shoe accessories.
Germany: Manufacturing output contracts for the first time in over six years; service sector activity accelerates
February 21, 2019
Providing ground for optimism, February’s composite Purchasing Managers’ Index (PMI) edged up for the second consecutive month, indicating stronger growth in business activity in Germany’s private sector.
February 14, 2019
Europe’s biggest economy narrowly avoided a technical recession in the fourth quarter with flat growth recorded over the previous quarter in price-, seasonally- and calendar-adjusted terms.
February 8, 2019
Data for the external sector provided some good news in the wake of disappointing industrial data.