German Consumer Prices Unchanged in September


Consumer prices in Germany are expected to remain stable in September, following a 0.2 percent growth in the previous month and missing market expectations of 0.1 percent, as cost of household energy and motor fuels are expected to drop further.

According to preliminary estimates, goods prices are likely to fall 1.3 percent, compared to a 0.9 percent decline in August, as cost of energy is expected to decrease by 9.3 percent, compared to a 7.6 percent decline in the previous month. Meanwhile, food cost is expected to rise at a faster 1.1 percent, following a 0.8 percent increase in August. Cost of services is expected to rise at a slower to 1.1 percent (from 1.2 percent in the previous month); while prices of rents are expected to accelerate to 1.2 percent growth, up from 1.1 percent posted last month.

On a monthly basis, consumer prices are estimated to fall by 0.2 percent, after showing no growth in the previous month.

The harmonised consumer price index is expected to be down by 0.2 percent in September over a year earlier. Compared with August of 2015, it is expected to drop by 0.3 percent.

German Consumer Prices Unchanged in September


Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/29/2015 1:13:47 PM