German Inflation Rate Slows to 4-Month Low in October


German consumer prices are expected to increase by 1.6 percent year-on-year in October 2017, easing from a 1.8 percent gain in the previous month and missing market consensus of 1.7 percent. It was the lowest inflation since June, as cost of energy and services rose at a softer pace.

Year-on-year, prices of services are expected to grow by 1.2 percent, easing from a 1.6 percent gain in the previous month, with cost of rents advancing at a slower 1.6 percent (1.7 percent in September). Meanwhile, prices of goods are expected to advance by 1.9 percent, compared to a 2.2 percent gain in the previous month: Cost of energy is expected to increase by 1.2 percent from the previous year after an increase of 2.7 percent in September while food prices are expected to increase at a faster 4.3 percent, following a 3.6 percent gain in the previous month. 

Compared with September 2017, consumer prices are expected to remain unchanged, following a 0.1 percent gain in September and missing market expectations of 0.1 percent.

The harmonised index of consumer prices is expected to rise by 1.5 percent from the previous year, and to fall by 0.1 percent from the previous month.

German Inflation Rate Slows to 4-Month Low in October


Destatis l Joana Ferreira | joana.ferreira@tradingeconomics.com
10/30/2017 1:14:38 PM