Germany Inflation

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Germany: Inflation records flat reading in September

September 29, 2015

Consumer prices in September fell 0.2% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September. The result came in below August’s flat reading.

Inflation was flat in September, coming in below August’s 0.2% and marking the lowest print in eight months. Meanwhile, annual average inflation inched down from August’s 0.4% to 0.3% in September.

Harmonized consumer prices dropped from August’s flat annual reading to a 0.3% decrease in September, which represented the lowest result in eight months. Annual average HICP inflation came in at 0.2% in September, which was slightly down from August’s 0.3%.

The Central Bank expects inflation to be 0.5% in 2015 and sees it increasing to 1.8% in 2016. FocusEconomics panelists expect inflation to average 0.5% 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 September 2015 0

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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