German Inflation Rate Slows More than Expected

The inflation rate in Germany is expected to fall to 1.4 percent year-on-year in May of 2019 from a five-month high of 2 percent in the previous month and below market consensus of 1.6 percent.

Services inflation is expected to drop to 1.2 percent in May from 2.1 percent in April, with rents prices advancing 1.4 percent, the same pace as in the previous month. Also, energy prices are set to increase 4.2 percent, slower than 4.6 percent in April; and food prices are likely to rise 0.9 percent, compared to 0.8 percent in the previous period. 

On a monthly basis, consumer prices are set to went up by 0.2 percent in May, following a 1 percent jump in April and also below market forecasts of 0.3 percent.

The harmonised index of consumer prices is expected to rise 1.3 percent from the previous year (vs 2.1 percent in April); and 0.3 percent month-over-month (vs 1 percent in April).

German Inflation Rate Slows More than Expected

Federal Statistical Office | Agna Gabriel |
5/31/2019 12:16:19 PM