German consumer prices fell 0.6 percent from a month earlier in January 2020, after a 0.5 percent rise in December, led by seasonal price decreases for package holidays (-28.7 percent), clothing (-6.3 percent) and footwear (-4.0 percent). It was also due to a lower value added tax rate for long-distance rail tickets, which took effect at the start of the year, reducing the prices of long-distance train journeys by 10 percent. Germany Inflation Rate MoM - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Inflation Rate Mom in Germany averaged 0.19 percent from 1950 until 2020, reaching an all time high of 2.65 percent in October of 1951 and a record low of -2.73 percent in January of 1950. This page provides the latest reported value for - Germany Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Federal Statistical Office
Inflation Rate Mom in Germany is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Germany to stand at 0.40 in 12 months time. In the long-term, the Germany Inflation Rate MoM is projected to trend around 0.50 percent in 2021, according to our econometric models.