2017 Economic Calendar
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Germany : CPI  
Released On 7/28/2017 6:00:00 AM For Jul(p), 2017
PriorConsensusActual
Month over Month0.2 %0.2 %0.4 %
Year over Year1.6 %1.5 %1.7 %

Highlights
July's provisional inflation data were stronger than expected. Consumer prices rose 0.4 percent on the month, double the market consensus and enough to nudge the annual inflation rate a tick higher to 1.7 percent, it strongest reading since April.

The flash HICP similarly increased 0.4 percent versus June and was 1.5 percent above its level a year ago, unchanged from last time.

The unexpected acceleration in annual CPI inflation came courtesy of the goods sector, where the rate climbed 0.2 percentage points to 1.7 percent, and energy, which saw a nine tick gain to 0.9 percent. By contrast, services were only flat at 1.7 percent and rent, excluding utilities steady at 1.8 percent. Food was 0.1 percentage points lower at 2.7 percent.

Today's report suggests broadly stable underlying German inflation last month which, in turn, increases the likelihood of a similar outcome for the full Eurozone report (due on Monday).

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
Release For: DecDecJanJanFebFebMarMarAprAprMayJunMayJunJul
 
Released On: 8/118/309/139/2810/1310/3011/1411/2912/1312/29
Release For: JulAugAugSepSepOctOctNovNovDec
 


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