Germany Inflation June 2016

Germany

Germany: Inflation rises in June

June 29, 2016

Consumer prices in June rose 0.1% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 June. The result came in below May’s 0.3% reading.

Inflation rose in June, increasing from May’s 0.1% to 0.3%. Meanwhile, annual average inflation was stable at May’s 0.2%.

Harmonized consumer prices in June rose 0.1% over the previous month, which was down from May’s 0.4% increase. Average HICP inflation rested at 0.1% in June.

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 June 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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