In November, consumer prices dropped 0.1% over the previous month, which confirmed the flash estimate released by the Federal Statistics Office (Destatis) on 28 November. The result came in below the flat reading observed in October and mainly reflected how lower prices for energy offset higher prices for food and non-alcoholic beverages. As a result of the monthly drop, annual headline inflation declined from 2.0% in October to 1.9% in November, which was in line with market expectations. Meanwhile, annual average inflation remained steady at October's 2.0%. Annual HICP inflation (based on the harmonized index of consumer prices) followed suit and fell from 2.1% in October to 1.9% in November. That said, annual average HICP remained unchanged at October's 2.2%. The Bundesbank expects inflation to fall to 1.5% in 2013 from an expected 2.1% in 2012. For 2014, the Bundesbank sees inflation inching up to 1.6%.
Inflation moderates in November
December 12, 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.