In September, consumer prices rose 0.1% over the previous month, according to a preliminary flash estimate released by the National Statistics Institute. The monthly reading contrasted the flat result observed in August (initially reported: -0.1% month-on-month) and the 0.1% fall registered in the same month last year. Owing to the monthly rise, inflation climbed from 2.4% in August to 2.6% in September. The reading, which marked the highest level since September 2008, overshot market expectations that had inflation remaining at 2.4%. According to the Institute, the higher inflation rate reflected elevated prices for fuel as well as clothing and footwear. At the current level, inflation continues to hover above the European Central Bank's inflation target of ?below but close to 2%.? HICP inflation followed suit and jumped from 2.5% in August to 2.8% in September. A complete and more detailed inflation data set will be published on 13 October. The German Central Bank projects inflation to average 2.5% this year, before moderating to 1.8% in 2012.
Inflation jumps to three-year high
September 28, 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.