German Inflation Rate Steady at 0.8%

The inflation rate in Germany is expected to stand at 0.8 percent in August, as a rise in food prices was enough to offset a sharper fall in energy cost.

Preliminary estimates showed prices of services are expected to increase at a slower 1.4 percent (1.5 percent in July) and energy cost is expected to fall at a faster 1.9 percent (1.5 percent in the previous month). In contrast, food prices will likely accelerate (0.3 percent compared with 0.1 percent in July). 

On a monthly basis, provisional figures showed that consumer prices are expected to remain unchanged, following a 0.3 percent increase in July.

The harmonized consumer price index for Germany, which is calculated for European purposes, is expected to increase by 0.8 percent in August 2014 on August 2013. Compared with July 2014 it is also expected to remain unchanged.

German Inflation Rate Steady at 0.8%

Destatis | Joana Taborda |
8/28/2014 1:13:23 PM