German Inflation Rate Beats Forecasts

The inflation rate in Germany is expected to rise to 1.6 percent year-on-year in June 2019 from 1.4 percent in the previous month and above market expectations of 1.4 percent.

Services inflation is expected to climb to 2.0 percent in June from 1.2 percent in May, with rents prices advancing 1.4 percent, the same pace as in the previous month. Also, food prices are set to increase 1.2 percent, faster than 0.9 percent in May; while energy inflation will probably slow to 2.2 percent from 4.2 percent.

On a monthly basis, consumer prices are set to advance 0.3 percent in June, following a 0.2 percent gain in May and also beating market forecasts of 0.1 percent.

The harmonised index of consumer prices is expected to rise 1.3 percent from the previous year, the same pace as in the previous period; and 0.1 percent month-over-month (vs 0.3 percent in May).

German Inflation Rate Beats Forecasts

Destatis | Joana Ferreira |
6/27/2019 12:08:47 PM