Germany Inflation August 2016


Germany: Inflation stabilizes in August

August 30, 2016

Consumer prices in August were flat on a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 August. The result came in below July’s 0.3% increase.

Inflation remained at July’s 0.4% and annual average inflation was also stable in August, resting at July’s 0.2%.

Harmonized consumer prices in August fell 0.1% over the previous month, which contrasted July’s 0.4% increase. HICP inflation inched up from 0.3% in July to 0.4% in August. Meanwhile, average HICP inflation remained stable in August at July’s 0.1% reading.

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 August 2016 0

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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