Brandenburg Gate in Berlin, Germany

Germany Inflation September 2019

Germany: Harmonized inflation falls to lowest level since November 2016 in September

Harmonized German consumer prices fell 0.1% month-on-month in September, matching the result of the prior month. The reading reflected pricier items such as alcoholic beverages and tobacco, clothing and footwear, housing and utilities being offset by significantly cheaper recreation and culture as well as a drop in the price level for food and non-alcoholic beverages.

Harmonized inflation, meanwhile, edged down from 1.1% in August to 0.9% in September, marking a near-three-year low; meanwhile, average harmonized inflation inched down from 1.7% in August to 1.6% in September. Finally, consumer price inflation moderated to 1.2% in September from 1.4% in August, and annual average consumer price inflation fell slightly to 1.6% in September from 1.7% in the prior month.

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