Germany Harmonised Consumer Price Index - Prelim YoY

Description

The Consumer Price Index (CPI) captures monthly price changes of a representative basket of consumer goods and services. CPI is a key measure of consumer inflation. The weight assigned to each good or service is relative to the amount of income the average person spends on each.
Latest Release: 27-11-2014 13:00:00
Next Release: 28-03-2014 13:00:00
Source:Statistisches Bundesamt Deutschland
German Inflation Picks Up
Sep 29th, 2014 at 12:19 PM

The first important clues towards this month’s inflationary changes in the Eurozone have just been made available in the form of Preliminary September price change data out of Germany. The Consumer Price Index (CPI) in the Eurozone’s largest economy is now reading at 0.8% when measured year on year, this lines up with the August final figure of 0.8%, there was no expectation of a change in this rate of price growth this month. The month on month change is 0.0% compared to the fall of -0.1% in August, this was expected to read flat for the month of September.

The Eurozone standardised inflation calculation has also been released in preliminary format for Germany. The year on year Harmonized Index of Consumer Prices (HICP) is now forecast to come in at 0.8% for the month of September compared to the August reading of 0.7% and a market consensus estimate for a pick up to 0.8% price growth. Month on month the HICP is showing 0.0% change compared to an August reading of -0.1% and an expectation that prices would remain at 0.0% in this latest reading.

The European Central Bank’s (ECB) Governing Council...