WIESBADEN- The inflation rate in Germany as measured by the consumer price index is expected to be 1.7% in December 2016. Compared with November 2016, consumer prices are expected to increase by 0.7%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that, on an annual average, the inflation rate is expected to stand at 0.5% in 2016.
Overall index / subindex | Weight |
September 2016 |
October 2016 |
November 2016 |
December 2016 |
---|---|---|---|---|---|
in per mill | in percent | ||||
Provisional figure. Household energy and motor fuels. Net rents exclusive of heating expenses. | |||||
Overall index | 1000 | 0.7 | 0.8 | 0.8 | 1.7 |
Goods | 479.77 | -0.1 | 0.4 | 0.5 | 1.8 |
including: | |||||
Energy | 106.56 | -3.6 | -1.4 | -2.7 | 2.5 |
Food | 90.52 | 0.4 | 0.0 | 1.2 | 2.5 |
Services | 520.23 | 1.3 | 1.3 | 1.1 | 1.5 |
including: | |||||
Rents | 209.93 | 1.3 | 1.4 | 1.4 | 1.5 |
In December 2016, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.7% year on year and 1.0% on November 2016. On an annual average the harmonised index of consumer prices is expected to be up 0.4% in 2016 as compared with a year earlier.
The final results for December 2016 will be released on 18 January 2017.
For further information:
Thomas Krämer,
tel: +49 (0) 611 / 75 29 59,
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Destatis - Federal Statistical Office of Germany published this content on 03 January 2017 and is solely responsible for the information contained herein.
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