The consumer price index in Germany went up 0.4 percent from a month earlier in February 2019, slightly below a preliminary estimate of 0.5 percent and compared to a 0.8 percent drop in January. Package holiday prices were markedly up (10.7 percent), as well as costs for clothing (3.6 percent), plants and flowers (2.4 percent). In addition, food prices increased 0.5 percent, in particular vegetable prices (3.6 percent), and energy prices edged up 0.2 percent. A month-on-month increase in prices was recorded especially for heating oil (1.1 percent). The price of motor fuel, in contrast, was somewhat lower (-0.2 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.
Inflation Rate Mom in Germany is expected to be 0.40 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 0.70 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.