Germany Inflation

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Germany: Inflation decreases in June

June 29, 2015

Consumer prices in June fell 0.1% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 June. The result marked the steepest drop in five months and contrasted May’s 0.1% increase.

Headline inflation fell from May’s seven-month-high of 0.7% to 0.3% in June. Meanwhile, annual average inflation remained at May’s 0.5%.

HICP inflation, which is based on the harmonized index of consumer prices, dropped from May’s 0.7% to 0.1% in June. Annual average HICP inflation came in at 0.4% in June, which mirrored May’s reading.

The Central Bank expects inflation to be 0.5% in 2015 and sees it increasing to 1.8% in 2016. FocusEconomics panelists expect inflation to average 0.5% in 2015, which is up 0.1 percentage points from the previous month’s forecast. For 2016, panelists expect inflation to increase to 1.7%.


Author: Teresa Kersting, Economist

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Germany Inflation June 2015

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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