German Inflation Edges Up to 1.9% in July


In July, Germany's consumer prices are expected to rise 1.9 percent compared with July of 2012, up by 0.1 percentage points from the previous month. The expected increase in food prices, of 5.7 percent, represents the biggest upward pressure on the overall inflation rate.

Overall goods are set to grow 2.5 percent (+0.2 percentage points than in June) while energy prices are up 2.9 percent (-0.1 percentage points). Service prices are expected to be 1.5 percent higher than in the same month of the previous year. Rents are expected to increase 1.4 percent.

On a monthly basis, consumer prices are expected to increase by 0.5 percent. The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to increase by 1.9 percent in July 2013 on July 2012. Compared with June, it is expected to rise by 0.4 percent. 

German Inflation Edges Up to 1.9% in July


Destatis | Nuno Fontes | nuno@tradingeconomics.com
7/30/2013 1:11:03 PM