German Final CPI up by 0.2%

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Thursday, Jul 13 2017

German Final CPI up by 0.2%

Consumer prices in Germany rose by 1.6% in June 2017 compared with June 2016. This means that the inflation rate as measured by the consumer price index was slightly up, following a decrease to 1.5% in May 2017 (April 2017: +2.0%). Compared with May 2017, the consumer price index rose by 0.2% in June 2017. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 29 June 2017.

In June 2017, the development of energy prices had a downward effect on the overall inflation rate. Compared with the same month a year earlier, Energy prices remained unchanged in June 2017. The increase in energy prices thus slowed again (May 2017: +2.0%; April and March 2017: +5.1% each). The prices of some energy products (for example, electricity: +1.5%; heating oil: +0.9%; motor fuels: +0.2%) were slightly up in June 2017 on a year earlier. Decreases were observed for gas prices (–3.2%) and charges for central and district heating (–1.1%). Excluding energy (total), the inflation rate in June 2017 was +1.8%.

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