German Inflation Rate Rises Above Forecasts

The inflation rate in Germany is expected to jump to 2 percent year-on-year in April 2019 from an 11-month low of 1.3 percent in the previous month and well above market expectations of 1.6 percent. That should be the highest rate since November.

Services inflation is expected to climb to 2.1 percent in April from 1.2 percent in March, with rents prices advancing 1.4 percent, the same pace as in the previous month. Also, energy prices are set to increase 4.6 percent, faster than 4.2 percent in March; and food prices are likely to rise 0.8 percent, compared to 0.7 percent in the previous period.

On a monthly basis, consumer prices are set to jump 1 percent in April, following a 0.4 percent gain in March and also beating market forecasts of 0.5 percent.

The harmonised index of consumer prices is expected to rise 2.1 percent from the previous year (vs 1.4 percent in March); and 1 percent month-over-month (vs 0.5 percent in March).

German Inflation Rate Rises Above Forecasts

Destatis | Joana Ferreira |
4/30/2019 12:13:56 PM