Germany Inflation May 2016


Germany: Inflation returns softly in May

May 30, 2016

Consumer prices in May rose 0.3% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 May. The result contrasted April’s 0.4% decrease.

Inflation returned softly in May, recording a 0.1% reading and contrasting April’s 0.1% annual price drop. Meanwhile, annual average inflation in May was stable at April’s 0.2% reading.

Harmonized consumer prices were unchanged in annual terms in May, which came in above April’s 0.3% decline. Average HICP inflation rested at 0.1% in May.

The government expects inflation to be 1.2% in 2016. FocusEconomics panelists expect inflation to average 0.8% in 2016, which is unchanged 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 Chart

Germany Inflation May 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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