Germany Inflation

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Germany: Inflation edges up in October

October 29, 2015

Consumer prices in October were unchanged over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 October. The result came in above September’s 0.2% decrease.

Inflation came in at 0.3% in October, coming in above September’s flat reading and marking the highest print in four months. Meanwhile, annual average inflation inched down from September’s 0.3% to 0.2% in October.

Harmonized inflation recorded 0.2% in October (September: -0.2% year-on-year). Annual average HICP inflation was 0.1% in October, which was slightly down from September’s 0.2%.

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 0.3% in 2015, which is down 0.1 percentage points from the previous month’s forecast. For 2016, panelists expect inflation to increase to 1.4%, which is also down 0.1 percentage points from last month’s estimate.


Author: Teresa Kersting, Economist

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Germany Inflation October 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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