German Inflation Rate Down to 1.5% in August


In August, Germany's consumer prices are expected to rise 1.5 percent compared with August of 2012, down by 0.4 percentage points from the previous month. The expected increase in food prices, of 4.9 percent, represents the biggest upward pressure on the overall inflation rate.

Overall goods are set to grow 1.5 percent (from 2.5 percent a month earlier) while energy prices are up 0.4 percent (down from 2.9 percent). Service prices are expected to be 1.6 percent higher than in the same month of the previous year. Rents are estimated to increase 1.4 percent.

On a monthly basis, consumer prices are expected to remain unchanged. The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to increase by 1.6 percent in August 2013 on August 2012. Compared with July 2013, no change is expected.

German Inflation Rate Down to 1.5% in August


Destatis | Nuno Fontes | nuno@tradingeconomics.com
8/29/2013 1:13:31 PM