Germany Inflation

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Germany: Inflation rises in March

March 30, 2015

Consumer prices in March rose 0.5% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 March. The result followed February’s 1.0% increase.

In annual terms, consumer prices rose 0.3% in March, coming in above February’s mild 0.1% increase, and marking the highest print in four months. Nevertheless, annual average inflation inched down from February’s 0.7% to 0.6% in March, the lowest reading since June 2010.

Meanwhile, harmonized consumer prices rose 0.1% in annual terms, contrasting February’s 0.1% decrease. Annual average HICP inflation moderated from 0.6% in February to 0.5% in March.

The Central Bank expects inflation of 1.1% in 2015, before increasing to 1.8% in 2016. FocusEconomics panelists expect inflation to average 0.3% in 2015, which is down 0.1 percentage points from the previous month’s forecast. For 2016, panelists expect inflation to increase to 1.6%.


Author: Teresa Kersting, Economist

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Germany Inflation March 2015

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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