German Inflation Rate Beats Forecasts
The inflation rate in Germany is expected to rise to 1.7 percent year-on-year in July 2019 from 1.6 percent in the previous month and above market expectations of 1.5 percent, a preliminary estimate showed.
7/30/2019 12:08:03 PM
Food inflation is expected to climb to 2.1 percent in July from 1.2 percent in June, while energy prices should increase 2.4 percent, little-changed from 2.5 percent in the previous month. Meanwhile, services inflation is likely to fall to 1.5 percent from 1.9 percent, with rents prices advancing 1.4 percent, the same pace as June.
On a monthly basis, consumer prices are set to advance 0.5 percent in July, following a 0.3 percent gain in June and also beating market forecasts of 0.3 percent.
The harmonised index of consumer prices is expected to rise 1.1 percent from the previous year (vs 1.5 percent in June); and 0.4 percent month-over-month (vs 0.3 percent in June).