German November Inflation Rate Stronger than Expected


German consumer prices are expected to increase by 1.8 percent year-on-year in November 2017, following a 1.6 percent gain in the previous month and beating market consensus of 1.7 percent. Cost of energy and services rose at a faster pace while food inflation slowed.

Year-on-year, prices of services are expected to grow by 1.5 percent, following a 1.2 percent gain in the previous month, with cost of rents advancing at a faster 1.7 percent (1.6 percent in October). Also, prices of goods are expected to advance by 2.1 percent, compared to a 1.9 percent gain in the previous month: cost of energy is set to increase by 3.7 percent from the previous year after an increase of 1.2 percent in October; while inflation food is expected to ease to 3.2 percent from 4.3 percent in the previous month. 

On a monthly basis, consumer prices are expected to increase by 0.3 percent after showing no growth in October and matching market expectations.

The harmonised index of consumer prices is expected to rise by 1.8 percent from the previous year and by 0.3 percent from the previous month.

German November Inflation Rate Stronger than Expected


Destatis l Joana Ferreira | joana.ferreira@tradingeconomics.com
11/29/2017 1:15:28 PM