Germany Inflation Rate Accelerates To 2% In April


German consumer prices are expected to increase by 2 percent year-on-year in April 2017, following 1.6 percent rise in the previous month and above market consensus of a 1.9 percent gain. Prices rose at a faster pace for services while slowed for food, the preliminary estimate showed. On a monthly basis, prices were flat.

Year-on-year, prices of services are expected to grow by 1.7 percent, following a 0.7 percent gain the previous month; and cost of rents is expected to advance 1.7 percent, compared to 1.6 percent in March. Meanwhile, prices of goods are expected to advance 2.2 percent, compared to 2.5 percent growth in the previous month, as cost of energy is expected to rise by 5.1 percent (at the same pace as in March) and food prices by 1.8 percent (from 2.3 percent). 

Compared with March 2017, consumer prices are expected to be unchanged, after rising by 0.2 percent in the previous month and above expectations a 0.1 percent drop.

The harmonised index of consumer prices is expected to rise by 2 percent from the previous year and to be flat compared to the previous month.

Germany Inflation Rate Accelerates To 2% In April


Destatis l Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/27/2017 12:11:19 PM