In September, consumer prices remained flat over the previous month, according to a preliminary flash estimate released by the statistical institute on 26 September. The reading came in below the revised 0.4% increase observed in August (previously reported: +0.3% month-on-month). As result of the subdued print, annual headline inflation inched down from 2.1% in August to 2.0% in September, which matched market expectations. Meanwhile, annual average inflation remained unchanged at August's 2.1%. HICP inflation (based on the harmonized index of consumer prices) followed suit and declined from 2.2% in August to 2.1% in September. Annual average HICP inflation inched down from 2.4% in August to 2.3%. More detailed inflation data will be published on 11 October. The Bundesbank expects inflation to average 2.1% this year, before falling to 1.6% in 2013.
Inflation moderates in September
September 26, 2012
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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.