In March, consumer prices rose 0.5% over the previous month, according to a preliminary flash estimate released by the Federal Statistics Office (Destatis) on 2 April. The print followed the 0.6% increase observed in February. Despite the monthly increase, annual headline inflation fell from 1.6% in February to 1.4% in March, which represents the lowest level since December 2010. In addition, the reading came in below market expectations that had inflation slowing to 1.5%. Annual average inflation remained unchanged at February's 1.9%. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) remained stable at the 1.8% observed in February, the lowest level since November 2010. The Bundesbank expects inflation to average 1.5% in 2013, before inching up to 1.6% in 2014. FocusEconomics panellists expect inflation to average 1.8% in 2013, which is unchanged from the previous month's forecast. For 2014, panellists expect inflation to increase to 1.9%.
Inflation falls to lowest level in over two years
April 2, 2013
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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 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.