Germany: Inflation inches down in December; full year 2015 inflation drops to multi-year low
January 19, 2016
Consumer prices in December fell 0.1% over the previous month, according to data released by the Federal Statistics Office (Destatis) on 19 January. The result contrasts November’s 0.1% rise and came mainly on the back of lower prices for energy as well as clothing and footwear.
Inflation inched down from November’s 0.4% to 0.3% in December, closing 2015 marginally above 2014’s 0.2%. Meanwhile, annual average inflation in the full year 2015 came in at 0.2%, marking a multi-year low and matching November’s reading.
HICP inflation, which is based on harmonized consumer prices, fell slightly from November’s 0.3% to 0.2%. Annual average HICP inflation remained at 0.1% in December.