In November, consumer prices rose 0.1% over the previous month, confirming the previous flash estimate, released by the National Statistics Office (Destatis) in late November. The reading contrasted market expectations of a 0.1% fall. Annual inflation increased from 1.3% in October to 1.5% in November, representing the highest level since October 2008. The increase in consumer prices over October mainly reflected seasonal factors, driven by higher prices for food and non-alcoholic beverages (October: -0.1% month-on-month; November: +0.9% mom), heating oil (October: +0.1% mom; November: +1.9% mom) and motor fuels (October: 0.2% mom; November: +0.9% mom). Annual harmonised consumer price inflation (HICP) jumped from 1.3% in October to 1.6% in November. The federal government estimates inflation will average 1.1% this year and 1.3% in 2011, while the Bundesbank expects inflation to rise to 1.2% this year and to 1.6% in 2011.
Inflation hits two-year high
December 9, 2010
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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.