Consumer prices remained unchanged over the previous month in September according to preliminary estimates released by the Federal Statistics Office (Destatis). The reading followed August's flat figure and came in slightly below market expectations of a 0.1% rise. Compared to the same month last year, consumer prices increased 1.4% in September (August: 1.5% year-on-year), which fell short of market expectations of 1.5%. In September, annual average inflation remained unchanged at August's 1.7%. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) was unchanged at 1.6% in September. Annual average HICP inflation remained stable at 1.8% in September. The Bundesbank expects inflation to average 1.6% in 2013, before inching down to 1.5% in 2014. FocusEconomics panelists expect inflation to average 1.6% in 2013, which is unchanged from the previous month's forecast. For 2014, panelists expect inflation to increase to 1.8%, which is also unchanged from last month's estimate.
Inflation moderates in September
September 27, 2013
Looking for forecasts related to Inflation in Germany? Download a sample report now.
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.