German Inflation Rate Beats Expectations in March

Consumer prices in Germany are expected to increase by 0.3 percent on the year in March of 2016 after remaining unchanged in the previous month. The figure came better than market expected, as an increase in cost of services and food offset a sharp drop in prices of energy.

Year-on-year, prices of goods are expected to drop 1.2 percent, compared to a 1.1 percent fall in February, as cost of energy declined at a faster pace (-8.9 percent from -8.5 percent) while food prices rose further (+1.3 percent from +0.8 percent). In contrast, prices of services are expected to grow 1.6 percent, accelerating from a 0.9 percent growth in the previous month and boosted by a 1.1 percent increase in cost of rents.

On a monthly basis, consumer prices are expected to rise sharply by 0.8 percent following a 0.4 percent increase in February.

The harmonised consumer price index is estimated to be up 0.1 percent year-on-year and 0.8 percent month-over-month.

German Inflation Rate Beats Expectations in March

Destatis | Joana Ferreira |
3/30/2016 1:11:54 PM