Germany Inflation

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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.

The Central Bank expects inflation to average 1.1% in 2014, before increasing to 1.5% in 2015. FocusEconomics panelists expect inflation to average 1.0% in 2014, which is unchanged from the previous month’s forecast. For 2015, panelists expect inflation to increase to 1.6%.


Author: Teresa Kersting, Economist

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Germany Inflation September 2014

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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