In November, consumer prices remained unchanged over the previous month, which confirmed the previous flash estimate released by the Federal Statistical Office (Destatis) on 28 November. The subdued reading followed the flat figure recorded in October and was in line with market expectations. According to Destatis, the unchanged reading in November reflected higher prices for heating oil (+4.4 month-on-month) and cut flowers (+3.5% mom), which were offset by lower prices for accommodation services (-3.9% mom) and package holidays (-3.4% mom). Compared to the same month last year, headline inflation edged down from 2.5% in October to 2.4% in November, which marked the tenth consecutive month that headline inflation lies above the European Central Bank's inflation target of ?below but close to 2%.? Meanwhile, HICP inflation dropped from 2.9% in October to 2.8% in November, which drove annual average HICP inflation to 2.4%. The Bundesbank expects inflation to average 2.5% this year, before moderating to 1.8% in 2012.
Inflation moderates in November
November 10, 2011
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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.