Inflation in Germany
Germany - Inflation
Harmonized consumer prices fall in August
Harmonized consumer prices dropped 0.19% over the last month in August, up from July’s 0.47% fall. August’s print reflected rising prices for clothing and footwear as well as softer declines in the prices for food and non-alcoholic beverages; alcoholic beverages and tobacco; and housing, water, electricity, gas and other fuels.
Meanwhile, harmonized consumer prices dropped 0.1% in August compared to the same month a year prior, down from zero inflation in July. Lastly, the trend pointed down with annual average inflation ticking down to 0.9% in August from 1.0% in July.
FocusEconomics panelists see harmonized inflation ending 2020 at 0.6%, which is unchanged from the previous month’s forecast. For 2021, our panelists expect harmonized inflation to end the year at 1.4%.
Germany - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.5||0.5||1.5||1.7||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Germany Inflation Chart
Source: Federal Statistics Office and FocusEconomics calculations
|Bond Yield||-0.19||0.41 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 11, 2020
Harmonized consumer prices dropped 0.19% over the last month in August, up from July’s 0.47% fall.
September 8, 2020
Merchandise exports rose 4.7% month-on-month in July on a calendar- and seasonally-adjusted basis, down from June’s 14.9% jump.
September 7, 2020
Industrial output grew 1.2% calendar-adjusted month-on-month basis in July (June: +9.3% mom).
August 28, 2020
Consumer confidence is expected to dip to minus 1.8 in September from minus 0.2 in August, which had marked the highest level since April.
August 26, 2020
GDP contracted at a sharp pace of 9.7% on a seasonally-adjusted quarter-on-quarter basis in the second quarter (previously reported: -10.1% s.a.