Germany Inflation March 2017


Germany: Inflation moderates in March

March 30, 2017

Consumer prices rose 0.2% over the previous month in March, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 March. The result came in below February’s 0.7% rise.

Inflation’s acceleration seen in the past months came to a halt in March, coming in at 1.6% in March, below February’s multi-year high 2.2% rise. The result undershot market expectations of a softer fall to 1.9%. Meanwhile, annual average inflation inched up to 0.9% in March, up from 0.8% in February.

Harmonized inflation slowed in March, falling to 1.5% from February’s 2.2%. Average HICP inflation rose to 0.8% in March, following the 0.7% print in February.

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 Chart

Germany Inflation March 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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