In May, consumer prices dropped 0.2% over the previous month, according to a preliminary flash estimate released by the Federal Statistics Institute (Destatis) on 29 May. The monthly decline contrasted the revised 0.2% increase recorded in April (previously reported: +0.1% month-on-month). As a result of the monthly drop, annual headline inflation fell from 2.1% in April to 1.9% in May, which represents the lowest level seen since December 2010 and was in line with market expectations. According to the Institute, annual inflation dropped in May, as prices for energy, particularly for fuels, fell over the same month last year. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) also declined from 2.2% in April to 2.1% in May. A more detailed inflation data set will be published on 13 June. The Bundesbank expects inflation to continue moderating in the coming months and to average 1.8% this year, before declining further to 1.5% in 2013.
Inflation falls to 17-month low
May 29, 2012
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Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.