In March, consumer prices rose 0.5%, according to a preliminary flash estimate released on 29 March by the Federal Statistics Institute (Destatis). The monthly rise matched the 0.5% increase observed in February and was primarily driven by rising prices for heating oil and motor fuels. Despite the pronounced monthly rise, annual inflation remained steady at 2.1% in March, which was in line with market expectations. At the current level, inflation hovers just above the European Central Bank's target of close to but below 2.0% over the medium term, underlining prospects for a rate hike by the ECB, which has kept interest rates at a record-low of 1.00% since May 2009. Complete and more detailed inflation data will be published on 12 April. Furthermore, HICP inflation (based on the harmonized index of consumer prices) remained unchanged at 2.2% in March. The Bundesbank anticipates inflation will fall to 1.7% this year and inch down further to 1.6% in 2012.
Higher inflation persists in March as energy costs remain elevated
March 29, 2011
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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.