Germany Inflation

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Germany: Inflation inches up in November to half-year high

November 30, 2015

Consumer prices in November rose 0.1% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 November. The result marks a slight acceleration compared to October’s flat reading.

Inflation inched up from October’s 0.3% to 0.4% in November, marking the largest print in half a year. Meanwhile, annual average inflation remained at October’s 0.2%.

HICP inflation, which is based on harmonized consumer prices, rose slightly from October’s 0.2% to 0.3%, which represented the highest reading in six months. Annual average HICP inflation remained at 0.1%.

The government expects inflation to be 0.6% in 2015 and sees it increasing to 1.2% in 2016. FocusEconomics panelists expect inflation to average 0.3% in 2015, which is unchanged from the previous month’s forecast. For 2016, panelists expect inflation to increase to 1.4%, which is also unchanged from last month’s forecast.


Author: Teresa Kersting, Economist

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Germany Inflation November 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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