Germany Inflation


Inflation remains steady in October

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.

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Germany Inflation Chart

Germany Inflation October 2012

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Federal Statistics Office and FocusEconomics calculations.

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