German September Inflation Rate Unchanged at 1.8%


German consumer prices are expected to increase by 1.8 percent year-on-year in September 2017, the same pace as in August and in line with market consensus. Service price inflation was unchanged from the previous month while cost of energy and food rose at a faster pace.

Year-on-year, prices of services are expected to grow by 1.6 percent, the same pace as in August; and cost of rents is expected to advance 1.7 percent, also the same pace as in the previous month. Meanwhile, prices of goods are expected to advance by 2.2 percent, compared to a 2 percent gain in August: Cost of energy is expected to increase by 2.7 percent from the previous year after an increase of 2.3 percent in August and food prices are expected to increase by 3.6 percent, faster than a 3 percent gain in the previous month. 

Compared with August 2017, consumer prices are expected to increase by 0.1 percent, the same pace as in August and matching market expectations.

The harmonised index of consumer prices is expected to rise by 1.8 percent from the previous year, and to remain unchanged from the previous month.

German September Inflation Rate Unchanged at 1.8%


Destatis l Joana Ferreira | joana.ferreira@tradingeconomics.com
9/28/2017 12:10:30 PM