Germany Inflation June 2017

Germany

Germany: Inflation edges up in June

June 30, 2017

Consumer prices increased 0.2% in June, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 May. The result contrasted May’s 0.2% contraction.

Inflation rose from 1.5% in May to 1.6% in June, overshooting market expectations of decline to 1.4%. Meanwhile, annual average inflation edged up from 1.2% in May to 1.3% in June.

Harmonized inflation also edged up slightly in June, rising to 1.5% from May’s 1.4%, while average HICP inflation rose to 1.2% from 1.1% in May.

The government expects inflation to be 1.8% in 2017. FocusEconomics panelists expect inflation to average 1.8% 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 June 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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