Germany Inflation September 2016


Germany: Inflation rises in September

September 29, 2016

Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September. The result came in above August’s flat reading.

Inflation increased from 0.4% in August to 0.7% in September, reaching the highest level in 16 months.

Harmonized consumer prices in September were flat over the previous month, while they had fallen 0.1% in August. HICP inflation inched up from 0.3% in August to 0.5% in September. Meanwhile, average HICP inflation inched up from 0.1% in August to 0.2% in September.

The Central Bank expects inflation of 0.2% in 2016 and 1.5% in 2017. FocusEconomics panelists expect inflation to average 0.4% in 2016, which is unchanged from the previous month’s forecast. For 2017, panelists expect inflation to increase to 1.5%.

Author: Teresa Kersting, Economist

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Germany Inflation Chart

Germany Inflation September 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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