In July, consumer prices added 0.4% over the previous month, according to preliminary estimates released on 27 July by the National Statistics Institute (Destatis). The monthly rise was above the 0.1% increase observed in June and overshot private sector analysts' expectations that had anticipated consumer prices rising a more moderate 0.3%. The main drivers behind the monthly jump were seasonal factors related to the summer holidays. As a result of the monthly rise, inflation rose from 2.3% in June to 2.4% in July, back to the level observed in April and that had marked the highest rate of inflation in more than two years. According to Destatis, the rise was mainly the result of elevated prices for energy, especially for motor fuels. At the current level, inflation continues to linger above the European Central Bank's objective of keeping inflation rates ?below but close to 2%?. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) jumped from 2.4% in June to 2.6% in July. Complete and more detailed inflation data will be published on 10 August. The Bundesbank projects inflation to average 2.5% this year, before moderating to 1.8% in 2012.
Inflation rises in July
July 27, 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.