German Inflation Rate Slows To 1.6% In March


German consumer prices are expected to increase by 1.6 percent in the year to March 2017, easing from a 2.2 percent rise in the previous month and missing market consensus of a 1.9 percent gain. It was the lowest inflation rate in four months, as prices rose at a slower pace for energy, food and services, the preliminary estimate showed.

Year-on-year, prices of goods are expected to advance 2.5 percent, compared to 3.2 percent growth in the previous month, as cost of energy is expected to rise by 5.1 percent (from 7.2 percent in February) and food prices by 2.3 percent (from 4.4 percent). Prices of services are expected to grow by 0.7 percent, following a 1.3 percent gain the previous month; and cost of rents is expected to advance 1.6 percent, the same as in February.

Compared with February 2017, consumer prices are expected to increase by 0.2 percent, after rising by 0.6 percent in the previous month and below expectations a 0.4 percent gain.

The harmonised index of consumer prices is expected to rise by 1.5 percent from the previous year and by 0.1 percent from the previous month.

German Inflation Rate Slows To 1.6% In March


Destatis l Joana Ferreira | joana.ferreira@tradingeconomics.com
3/30/2017 12:07:41 PM