Germany Inflation July 2017

Germany

Germany: Inflation edges up in July

August 11, 2017

Consumer prices increased 0.4% in July, according to data released by the Federal Statistics Office (Destatis) on 11 August. The result came in above June’s 0.2% increase.

Inflation rose from 1.6% in June to 1.7% in July, overshooting market expectations of decline to 1.5%. Meanwhile, annual average inflation edged up from 1.3% in June to 1.4% in July.

Harmonized inflation was stable at June’s 1.5%, while average HICP inflation rose to 1.3% from 1.2% in June.

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 July 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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