In August, consumer prices dropped 0.1% over the previous month, according to preliminary calculations released on 29 August by the National Statistics Institute (Destatis). The monthly reading contrasted the 0.4% increase tallied in July but was in line with market expectations. The August outturn marked the first fall in consumer prices since January. Owing to the monthly drop, inflation edged down from 2.4% in July to 2.3% in August. However, at the current level, inflation continues to linger above the European Central Bank's inflation target of ?below but close to 2%?. HICP inflation fell from 2.6% in July to 2.4% in August. According to Destatis, the decline in inflation was mainly the result of a fall in energy prices, particularly in motor fuels. A complete and more detailed inflation data set will be published on 9 September. The Bundesbank projects inflation to average 2.5% this year, before moderating to 1.8% in 2012.
Inflation moderates in August as oil prices retreat
August 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
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September 26, 2016
German businesses turned much more optimistic in September.