Producer Prices in Germany
Germany - Producer Prices
Harmonized inflation falls to lowest level since November 2016 in September
Harmonized German consumer prices fell 0.1% month-on-month in September, matching the result of the prior month. The reading reflected pricier items such as alcoholic beverages and tobacco, clothing and footwear, housing and utilities being offset by significantly cheaper recreation and culture as well as a drop in the price level for food and non-alcoholic beverages.
Harmonized inflation, meanwhile, edged down from 1.1% in August to 0.9% in September, marking a near-three-year low; meanwhile, average harmonized inflation inched down from 1.7% in August to 1.6% in September. Finally, consumer price inflation moderated to 1.2% in September from 1.4% in August, and annual average consumer price inflation fell slightly to 1.6% in September from 1.7% in the prior month.
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.5% in 2020, which is unchanged from last month’s forecast. For 2021, our panel sees harmonized inflation averaging 1.6%. This is largely in line with the Bundesbank’s June 2019 projections of harmonized inflation reaching 1.5% in 2020 and 1.7% in 2021.
Germany - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.1||-1.0||-1.9||-1.6||2.7|
5 years of economic forecasts for more than 30 economic indicators.
Germany Producer Prices Chart
Source: German Central Bank and FocusEconomics calculations.
|Bond Yield||-0.68||0.41 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||12,025||-0.41 %||Sep 04|
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October 11, 2019
Harmonized German consumer prices fell 0.1% month-on-month in September, matching the result of the prior month.
October 10, 2019
Exports fell 1.8% month-on-month on a calendar- and seasonally-adjusted basis, contrasting the revised 0.8% rise in the prior month (previously reported: +0.7% month-on-month).
October 8, 2019
Industrial production rose 0.3% month-on-month on a seasonally- and calendar-adjusted basis in August, swinging from a revised 0.4% drop in July (previously reported: -0.6% month-on-month).
September 27, 2019
Sentiment among German consumers is expected to increase from 9.7 in September to 9.9 in October, according to the GfK German Consumer Climate Study.
September 24, 2019
German business sentiment inched up to 94.6 in September from 94.3 in the prior month, largely thanks to an improvement outlook on the current situation as the views on business expectations worsened.