Germany Inflation February 2017


Germany: Inflation continues to rise in February

March 1, 2017

Consumer prices rose 0.7% over the previous month in February, according to preliminary data released by the Federal Statistics Office (Destatis) on 1 March. The result notably contrasted January’s 0.6% fall.

Inflation continued on its upward trajectory in February, increasing to 2.2% from January’s 1.9% reading. The result overshot market expectations of a softer increase to 2.1%. The print marked the highest result since February 2012. Meanwhile, annual average inflation inched up to 0.8% in February, up from 0.6% in January.

Harmonized inflation increased in February, climbing to 2.2% from January’s 1.9%. Average HICP inflation rose to 0.7% in February, following the 0.5% print in January.

The government expects inflation to be 1.8% in 2017. FocusEconomics panelists expect inflation to average 1.7% in 2017, which is up 0.1 percentage points from the previous month’s forecast. For 2018, panelists expect inflation to increase to 1.7%.

Author:, Economist

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Germany Inflation Chart

Germany Inflation January 2017 0

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics calculations.

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