Germany Inflation Rate Down to 3-Month Low

Consumer prices in Germany are expected to increase 0.3 percent year-on-year in June, below market expectations and slowing from a 0.7 percent rise in the previous month. Energy cost fell at a faster pace while prices of services and food eased.

According to preliminary estimates, energy prices are likely to fall 5.9 percent, compared to a 5.0 percent drop in May. Food cost is expected to rise at a slower 1 percent, following a 1.4 percent increase in May. In addition, prices of services are expected to slow (up 0.9 percent from 1.5 percent in May). 

On a monthly basis, consumer prices are estimated to fall 0.1 percent, after edging up 0.1 percent in May.

The harmonised consumer price index is expected to be up 0.1 percent in June 2015 year on year. Compared with May 2015, it is expected to decline by 0.2 percent.

Germany Inflation Rate Down to 3-Month Low

Destatis | Joana Taborda |
6/29/2015 1:09:17 PM