Germany Inflation February 2016

Germany

Germany: Inflation records flat reading in February

February 26, 2016

Consumer prices in February rose 0.4% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 26 February. The result contrasted January’s 0.8% drop.

Inflation inched down January’s 0.5% to a flat reading in February, which marked the lowest result in five months. Meanwhile, annual average inflation in February came in at 0.3%, matching January’s reading.

Harmonized consumer prices fell 0.2% annually in February, which contrasted January’s 0.4% rise. Average HICP inflation remained at 0.2% in February.

The government expects inflation to be 1.2% in 2016. FocusEconomics panelists expect inflation to average 0.8% in 2016, which is down 0.2 percentage points from the previous month’s forecast. For 2017, panelists expect inflation to increase to 1.7%.


Author: Teresa Kersting, Economist

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Germany Inflation February 2016

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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