Germany Inflation

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Germany: Inflation picks up in April

April 29, 2015

Consumer prices in April fell 0.1% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 April. The result contrasted March’s 0.5% increase.

Headline inflation inched up from March’s 0.3% to 0.4% in April, the highest reading in five months. Nevertheless, annual average inflation declined from March’s 0.6% to 0.4% in April, the lowest reading since June 2010.

Meanwhile, HICP inflation, which is based on the harmonized index of consumer prices, rose from March’s 0.1% to 0.3% in April. Annual average HICP inflation inched down from 0.5% in March to 0.4% in April.

The Central Bank expects inflation of 1.1% in 2015, before increasing to 1.8% 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 1.6%.


Author: Teresa Kersting, Economist

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Germany Inflation Chart


Germany Inflation April 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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