Germany's consumer prices went up 0.5 percent from a month earlier in December 2019, recovering from a 0.8 percent fall in November, mainly due to higher prices of package holidays (21.1 percent). Also, food cost increased 0.6 percent, especially meat and meat products (0.9 percent), fruit (1.1 percent), and vegetables (2.4 percent). Meanwhile, energy prices edged down 0.1 percent. Inflation Rate Mom in Germany averaged 0.20 percent from 1950 until 2019, reaching an all time high of 2.65 percent in October of 1951 and a record low of -2.73 percent in January of 1950. source: Federal Statistical Office
Inflation Rate Mom in Germany is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Germany to stand at 0.40 in 12 months time. In the long-term, the Germany Inflation Rate MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.
Germany Inflation Rate MoM
In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed by Alcoholic beverages & tobacco, Communication and Education.