In March, consumer prices rose 0.3% over the previous month according to preliminary estimates released by the Federal Statistics Office (Destatis). The increase came in below the 0.5% rise observed in February and fell short of the 0.4% increase the market had expected. Annual headline inflation eased for the third consecutive month, falling from 1.2% in February to 1.0% in March, which undershot the 1.1% rate the market had expected and marked the lowest level since August 2010. In March, annual average inflation inched down from February's 1.5% to 1.4%. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from 1.0% in February to 0.9% in March; the result was on par with market expectations. Annual average HICP inflation also inched down, declining from February's 1.5% to 1.4% in March. The German Central Bank expects inflation to average 1.3% in 2014 before increasing to 1.5% in 2015. FocusEconomics panelists expect inflation to average 1.4% in 2014, which is down 0.1 percentage points from the previous month's forecast. For 2015, panelists expect inflation to increase to 1.9%.
Inflation falls to lowest level in over three years
March 28, 2014
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Germany Inflation Chart
Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Federal Statistics Office and FocusEconomics calculations.
Germany Economic News
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.
September 26, 2016
German businesses turned much more optimistic in September.