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Germany: Annual CPI (preliminary) drops to 1.7% in December vs 1.9% expected

"The inflation rate in Germany as measured by the consumer price index is expected to be 1.7% in December 2018," the Destatis reported on Friday.

Key takeaways from the press release

  • Compared with November 2018, consumer prices are expected to increase by 0.1%.
  • 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 1.9% in 2018. 
  • In December 2018, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.7% year on year.
  • Compared with November 2018, it is expected to be up 0.3%.
  • On an annual average, the harmonised index of consumer prices is expected to increase by 1.9% in 2018 compared with 2017. 

  

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