2017 Economic Calendar
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Germany : CPI  
Released On 6/14/2017 2:00:00 AM For Jun(p), 2017
PriorConsensusActual
Month over Month-0.2 %-0.2 %-0.2 %
Year over Year1.5 %1.5 %1.5 %

Highlights
The final CPI for May showed no revisions to its provisional estimate. A 0.2 percent fall on the month reduced the annual inflation rate by fully 0.5 percentage points to 1.5 percent and so more than reversed April's 0.4 percentage point spike.

The HICP similarly matched its flash report and so still shows a 0.2 percent monthly decline and a 1.4 percent yearly rate, down from its final 2.0 percent outturn in April.

The monthly change in consumer prices mainly reflected a 0.7 percent drop in household energy charges (heating oil minus 6.5 percent) and a 0.6 percent slide in transport (motor fuels minus 2.6 percent). Clothing and footwear (minus 0.6 percent) and recreation and culture (minus 0.5 percent) also had a negative impact. The principal boost came from alcohol and tobacco (0.7 percent) and restaurants and hotels (0.4 percent). Excluding household energy, the CPI was flat on the month and 1.4 percent higher on the year after a 1.7 percent annual rise at the start of the quarter.

The monthly inflation data have been particularly volatile of late due to a combination of Easter distortions and erratic swings in energy prices. However, the underlying rate still seems to be trending higher, consistent with signs of increasing pressure on capacity and a tightening labour market. More of the same is to be expected over coming months.

Definition
The consumer price index (CPI) is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly and annual changes in the CPI provide widely used measures of inflation. A provisional estimate, with limited detail, is released about two weeks before the final data are reported.  Why Investors Care
 
 

2017 Release Schedule
Released On: 1/31/181/302/143/13/143/304/134/275/125/306/146/297/137/28
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Released On: 8/118/309/139/2810/1310/3011/1411/2912/1312/29
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