Germany’s Inflation Rate Slows to 1.2% in October


In October, consumer prices in Germany are expected to rise by 1.2 percent on annual basis, down from 1.4 percent in September 2013, as energy prices continue its downward trend.

The expected rise in food prices (+4.1 percent on a year earlier) will be again markedly higher than the overall inflation rate, while prices of services are expected to grow by 1.3 percent. Rents are estimated to increase 1.4 percent. In contrast, price decrease is expected for mineral oil products (energy prices down by 0.5 percent, from -0.2 percent in September). 

When compared with the previous month, the consumer prices are expected to decrease by 0.2 percent. The harmonized consumer price index for Germany is expected to increase by 1.3 percent in October 2013 on October 2012. Compared with September 2013, it is expected to decrease by 0.2 percent.

Germany’s Inflation Rate Slows to 1.2% in October


Destatis | Krisztina Györffy | krisztina@tradingeconomics.com
10/30/2013 1:35:02 PM