In November, consumer prices remained unchanged over the previous month, according to a preliminary flash estimate released by the Federal Statistics Institute (Destatis). The monthly reading followed the flat figure observed in October and was in line with market expectations. Annual inflation inched down from 2.5% in October to 2.4% in November. Inflation is thus slowly coming down from the three-year high of 2.6% reached in September this year. According to the Institute, inflation in November was driven by higher prices for household energy, particularly for heating oil and gas. At the current level, inflation continues to hover above the European Central Bank's inflation target of ?below but close to 2%.? HICP inflation dropped from 2.9% in October to 2.8% in November. A complete and more detailed inflation data set will be published on 9 December. The Bundesbank expects inflation to average 2.5% this year, before moderating to 1.8% in 2012.
Inflation eases slightly in November
November 28, 2011
Looking for forecasts related to Inflation in Germany? Download a sample report now.
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.