Germany Inflation November 2016

Germany

Germany: Inflation remains at two-year high in November

November 29, 2016

Consumer prices in November rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 November. The result met market analysts’ expectations and was down from the 0.2% increase registered in October.

Inflation was stable in November at October’s 0.8%, the highest level since September 2014.

Harmonized consumer prices in November edged down from a 0.2% increase over the previous month in October to a flat reading. HICP inflation in November was stable at October’s 0.7%, remaining at a two-year high. Meanwhile, average HICP inflation inched up to 0.3% in November following the 0.2% print observed in October.

The Central Bank expects inflation of 0.2% in 2016 and 1.5% in 2017. FocusEconomics panelists expect inflation to average 0.4% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect inflation to increase to 1.5%, which is also unchanged from last month’s projection.


Author:, Economist

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