In June, consumer prices rose 0.1% over the previous month, according to preliminary calculations released on 28 June by the National Statistics Institute (Destatis). The monthly rise followed the stalled result observed in May but fell short of market expectations, which had anticipated consumer prices would rise 0.2% As a result of the monthly rise, inflation remained unchanged at May's 2.3%, after inflation reached in April its highest level since October 2008. According to Destatis, the annual consumer price reading reflected higher prices for energy, especially for household use and motor fuels. At the current level, inflation remained above the European Central Bank's inflation target of ?below but close 2%? for the sixth straight month. That said, HICP inflation (based on the harmonized index of consumer prices), followed suit in June and matched May's 2.4%. Complete and more detailed inflation data will be published on 12 July. Meanwhile, the Bundesbank has revised its inflation projections and now anticipates annual consumer prices to average 2.5% this year, up from its previous 1.7% estimate. For 2012, the Central Bank expects inflation to rise 1.8%, above than their previous 1.6% projection.
Inflation remains stable in June
June 28, 2011
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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.