In October, consumer prices remained unchanged over the previous month, according to a preliminary flash estimate released by the statistical institute on 29 October. The print followed another flat reading in September and mainly reflected how higher prices for food and non-alcoholic beverages were offset by declining prices for leisure and hotels. As a result, annual headline inflation remained unchanged at September's 2.0%, which was in line with market expectations. Meanwhile, annual average inflation inched down from 2.1% in September to 2.0% in October, the lowest level since August 2011. HICP inflation (based on the harmonized index of consumer prices) followed suit and remained unchanged at September's 2.1%. Annual average HICP inflation declined from 2.3% in September to 2.2% in October. More detailed inflation data will be published on 9 November.
Inflation remains steady in October
October 30, 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.