Germany Inflation August 2017


Germany: Inflation edges up in August

August 30, 2017

Consumer prices in Germany increased 0.1% in August from the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 August. The result came in below July’s 0.4% month-on-month increase.

Inflation rose from 1.7% in July to 1.8% in August, matching market expectations. Meanwhile, annual average inflation edged up from 1.4% in July to 1.5% in August, the highest mark since November 2013.

Harmonized inflation rose to 1.8% in August, up from 1.5% the previous month. As a result, average HICP rose to 1.5% from 1.3% in July.

The government expects inflation to be 1.8% in 2017. FocusEconomics panelists expect inflation to average 1.8% in 2017, which is unchanged 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 August 2017

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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