Germany Inflation Rate Steady at 0.2% in August

Consumer prices in Germany are expected to increase 0.2 percent year-on-year in August, the same pace as in the previous month, as an increase in cost of services was enough to offset a drop in prices of goods such as household energy and motor fuels.

According to preliminary estimates, goods prices are likely to fall 0.9 percent, compared to a 0.7 percent decline in July, as cost of energy is expected to decrease by 7.6 percent, compared to a 6.2 percent decline in the previous month. Meanwhile food cost is expected to rise at a faster 0.8 percent, following a 0.4 percent increase in July. By contrast, cost of services is expected to accelerate to 1.2 percent (from 1.1 percent in July); while prices of rents are expected to ease to 1.1 percent growth, down from 1.2 percent posted last month.

On a monthly basis, consumer prices are estimated to remain stable, from a 0.2 percent growth in July.

The harmonised consumer price index is expected to be up 0.1 percent in August over a year earlier. Compared with July 2015, it is expected to remain stable.

Germany Inflation Rate Steady at 0.2% in August

Destatis | Joana Ferreira |
8/28/2015 1:26:11 PM