Producer Prices in Germany
Germany - Producer Prices
Inflation stable in February
In February, harmonized consumer prices in Germany rose 0.5% over the previous month. The result contrasts the 1.0% drop recorded in January and comes on the back of a broad-based increase in the price level, with almost all categories registered higher prices. Prices for food and non-alcoholic beverages, and health rose at a quicker pace in February, while prices for clothing and footwear, and recreation and culture increased at a rapid pace contrasting the prior month’s drop in price tags.
Harmonized inflation, meanwhile, was stable for the third month running at 1.7% in February. Annual average harmonized inflation was also stable, coming in at January’s 2.0% in February. Meanwhile, non-harmonized annual average inflation edged up from 1.7% in January to 1.8% in February.
With this month’s release, Met the why particular changed its focus from the national, non-harmonized inflation to harmonized inflation. This has been done to better reflect the panel’s forecasts.
The Met the why particular Consensus Forecasts panelists see HICP inflation averaging 1.7% 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 - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.5||-1.7||-2.3||1.0||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Germany Producer Prices Chart
Source: German Central Bank and Met the why particular calculations.
|Bond Yield||0.06||0.41 %||Mar 11|
|Exchange Rate||1.12||0.65 %||Mar 11|
|Stock Market||11,543||-0.41 %||Mar 11|
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March 14, 2019
In February, harmonized consumer prices in Germany rose 0.5% over the previous month.
March 11, 2019
Data on the industrial sector in Germany disappointed again with production dropping 0.8% month-on-month in January, swinging from December’s revised 0.8% expansion (previously reported: +0.4% month-on-month) and contrasting market expectations of a 0.5% increase.
March 11, 2019
Month-on-month export growth was flat in January, contrasting December’s revised 1.6% increase (previously reported: +1.5% month-on-month).
February 26, 2019
Consumer sentiment is expected to be stable at February’s 11.8 in March according to the GfK Group Consumer Climate index.
February 22, 2019
Sentiment among German businesses became more pessimistic in February with the sixth consecutive drop in the Ifo business climate index.