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- Germany’s annual CPI decreases 0.3 percent in December
Germany’s annual CPI decreases 0.3 percent in December
Germany's
Federal Statistical Office (Destatis) reported on Wednesday the country’s
consumer price index (CPI) is expected to increase 0.5 percent m-o-m in December
after dropping 0.8 percent m-o-m in the previous month.
On the y-o-y
basis, Germany’s CPI is seen to fall 0.3 in December, the same pace as in November.
This represents the largest decline since January 2015.
Economists had
predicted inflation would rise 0.6 percent m-o-m but decline 0.3 percent y-o-y
in December.
According to
the report, food price rose 0.5 percent y-o-y in December after a 1.4 percent
y-o-y gain in November. Services costs grew 1.1 percent y-o-y in December, the
same pace as in the previous month Energy prices dropped 6.0 percent y-o-y
after a 7.7 percent y-o-y decline in November.
Meanwhile, the
harmonized index of consumer prices for Germany (HICP), which is calculated for
European purposes, is expected to rise 0.6 percent m-o-m and drop 0.7 percent
y-o-y.
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