German Inflation Rate at Near 7-Year High

Germany's annual inflation rate is expected to increase at 2.3 percent in September 2018 from 2 percent in the previous month and above market expectations of 2 percent. It is the highest inflation since November 2011 as prices of services, energy and food are set to rise at a faster pace.

Services inflation is likely to pick up to 1.5 percent in September from 1.4 percent in the previous month, with cost of rents advancing by 1.5 percent, compared with 1.6 percent in August. Also, prices of goods are expected to advance by 3.1 percent in September, following a 2.7 percent gain in August, boosted by prices of both energy (7.7 percent vs 6.9 percent) and food (2.8 percent vs 2.5 percent).

On a monthly basis, consumer prices are set to rise 0.4 percent in September, after growing 0.1 percent in August and beating market consensus of 0.1 percent.

The harmonised index of consumer prices is expected to rise by 2.2 percent from the previous year; and by 0.4 percent month-over-month.

German Inflation Rate at Near 7-Year High

Destatis | Joana Ferreira |
9/27/2018 12:14:23 PM