In October, consumer prices remained unchanged over the previous month, which confirmed the flash estimate released by the statistical office on 29 October. The reading followed the flat figure recorded in September and, according to more detailed data, reflected higher prices for clothing and footwear as well as for motor vehicles insurance, which offset lower prices for energy, particularly for fuel. Annual headline inflation remained unchanged at September's 2.0%, which matched market expectations. Meanwhile, annual average inflation inched down from 2.1% in September to 2.0% in October. Annual HICP inflation (based on the harmonized index of consumer prices) remained unchanged at September's 2.1%, driving annual average HICP inflation down from 2.3% in September to 2.2%.
Inflation holds steady in October
November 9, 2012
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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.