Germany Inflation Rate Confirmed at 0.9%


German annual inflation rate eased to 0.9 percent in May of 2014 from 1.3 percent in the previous month, confirming the preliminary estimate, as energy prices fell. It is the lowest rate in four years.

In May of 2014 energy prices were down 0.8 percent from a year earlier, as cost of mineral oil products fell 2.4 percent (of which heating oil and motor fuels declined 3.1 percent and 2.3 percent, respectively), and solid fuels price declined 3.3 percent. Prices were slightly up for electricity (1.8 percent) and gas (0.4 percent).

Compared with April of 2014, the consumer prices fell by 0.1 percent in May of 2014, mainly due to falling prices of food (-0.4 percent), clothing (-1.7 percent) and footwear (-0.6 percent).

The harmonized index of consumer prices rose by 0.6 percent in May of 2014 from May of 2013 and declined by 0.3 percent from the previous month, confirming the preliminary estimates.

Germany Inflation Rate Confirmed at 0.9%


DESTATIS | Isabel Felino | isabel.felino@tradingeconomics.com
6/13/2014 7:55:56 AM