German Inflation Rate Edges Down to 1.5% in September


In September, Germany's consumer prices are expected to rise 1.4 percent compared with September of 2012, down by 0.1 percentage points from the previous month. The slowdown is mainly driven by lower energy prices.

The expected increase in food prices (4.7 percent on a year earlier) is markedly higher than the overall inflation rate while energy prices are expected to fall 0.2 percent (down from +0.5 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 September 2013 on September 2012. Compared with August 2013, no change is expected.

German Inflation Rate Edges Down to 1.5% in September


Destatis | Nuno Fontes | nuno@tradingeconomics.com
9/27/2013 1:12:44 PM