German Inflation Picks Up to 1.8% in June


In June, German consumer prices are expected to rise 1.8 percent compared with June of 2012. This represents an increase of 0.3 percentage points from the rate registered in the previous month. The expected increase in food prices, of 5.4 percent, is markedly higher than the overall inflation rate.

Overall goods are set to grow 2.3 percent while energy prices are up 3.0 percent. Service prices are expected to be 1.6 percent higher than in the same month of the previous year. Rents are expected to increase 1.3 percent, unchanged from the previous three months.

The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to increase by 1.9 percent in June of 2013 on June of 2012. Compared with May of 2013, it is expected to increase 0.1 percent.

German Inflation Picks Up to 1.8% in June


Destatis | Nuno Fontes | nuno@tradingeconomics.com
6/28/2013 1:18:10 PM