Germany Inflation March 2016

Germany

Germany: Inflation rises modestly in March

March 30, 2016

Consumer prices in March rose 0.8% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 March. The result exceeded February’s 0.4% rise and marked the largest increase in over a year.

Inflation rose from a flat reading in February to 0.3% in March. Meanwhile, annual average inflation in March came in at 0.3%, matching February’s reading.

Harmonized consumer prices rose 0.1% annually in March, which contrasted February’s 0.2% decrease. Average HICP inflation remained at 0.2% in March.

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 March 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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