Germany: Inflation remains stable in September
September 29, 2014
Consumer prices recorded a flat reading over the previous month in September, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September. The reading mirrored August’s result and came in slightly above market expectations of a 0.1% drop.
Annual headline inflation remained stable in September at August’s 0.9%. Annual average inflation inched down from August’s 1.2% rise to a 1.1% increase, which represented a 45-month low.
Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) matched August’s result and came in at 0.8% in September. Annual average HICP inflation edged down from 1.1% in August to 1.0% in September.