German Inflation Rate Steady at 1.6% in April



The German consumer price inflation is expected to remain unchanged at 1.6 percent year-on-year in April 2018, in line with market expectations. Prices of food and energy are set to rise at a faster pace, while services inflation should slow.

Prices of goods are expected to advance by 1.6 percent year-on-year in April, compared with 1.4 percent in March, as inflation is set to pick up for both food (3.4 percent vs 2.9 percent) and energy (1.2 percent vs 0.5 percent). Meanwhile, services price inflation is likely to decrease to 1.5 percent from 1.8 percent in the previous month, with cost of rents advancing by 1.6 percent, the same pace as in March.

On a monthly basis, consumer prices are set to remain unchanged, after a 0.4 percent advance in March and slightly above market expectations of a 0.1 percent fall.

The harmonised index of consumer prices is expected to rise by 1.4 percent from the previous year; but decline by 0.1 percent from the previous month.

German Inflation Rate Steady at 1.6% in April


Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/30/2018 12:09:49 PM