German Inflation Rate Rises to 0.3% in June


Consumer prices in Germany are expected to increase by 0.3 percent on the year in June 2016, accelerating from a 0.1 percent gain in the previous month, matching market expectations. Higher prices of services continued to push inflation up while cost of energy declined at a slower pace.

Year-on-year, prices of goods are expected to drop 0.8 percent, compared to a 0.9 percent fall in May, as cost of energy fell at a slower pace (-6.4 percent from -7.9 percent in the previous month) while food prices edged higher 0.1 percent (after showing no growth). In contrast, prices of services are expected to grow 1.4 percent, accelerating from a 1.2 percent gain in May. Cost of rents is expected to go up 1.1 percent, the same as in the previous month.

On a monthly basis, consumer prices are expected to rise 0.1 percent percent, easing from a 0.3 percent gain in May.

The harmonised index of consumer prices is expected to increase by 0.2 percent from the previous year. Compared with May 2016, it is expected to increase by 0.1 percent. 

German Inflation Rate Rises to 0.3% in June


Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/29/2016 1:09:04 PM