• Germany’s annual inflation decelerates further in September

Noticias del mercado

30 septiembre 2019

Germany’s annual inflation decelerates further in September

Germany's Federal Statistical Office reported on Monday the country’s consumer price index (CPI) is expected to remain unchanged m-o-m in September, following a 0.2 percent m-o-m decline in the previous month.

On the y-o-y basis, Germany’s inflation rate is seen to rise 1.2 percent this month after a 1.4 percent gain in August. That was the lowest reading since February 2018.

Economists had predicted inflation would increase 0.1 percent m-o-m and 1.3 percent y-o-y in September.

According to the report, food price growth decelerated to 1.3 percent y-o-y in September from 2.7 percent y-o-y in August, while energy prices fell 1.1 percent y-o-y after an advance of 0.6 percent y-o-y in the previous month. Services costs rose 1.4 percent y-o-y in September, following a 1.3 percent y-o-y climb in the previous month.

Meanwhile, the harmonized index of consumer prices for Germany (HICP), which is calculated for European purposes, is expected to fall 0.1 percent m-o-m and to increase 0.9 percent y-o-y.

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