The German consumer prices for the month of November have just been published in advance. In a year-on-year comparison, it remains at a growth rate of 1.1%, as in October. But in the monthly comparison, which most press agencies like to focus on, there is a minus of 0.8%. Yes, a minus! The energy prices are in the large picture (on annual view) around 3,7% declining. Most recently, the data for August were positive. After +1.1% in October, food prices rose by 1.8% in November, thus saving the average somewhat.
German consumer prices are increasing by 1.7% in December, as currently published in a flash estimate by the Federal Statistical Office. The estimates were 1.5%, (1.8% in November). The “Harmonized Index of Consumer Prices” (HICP), […]
German consumer prices for February have just been published at 1.4%. January was 1.6%. Expected today was 1.5%. The “Harmonised Index of Consumer Prices” (HICP), which is more important for EU and ECB purposes, stands […]
There are three price indicators which always give an idea of the future development of consumer prices (inflation). There are import prices, producer prices and wholesale prices. The other two do not look good either. […]