2017 Economic Calendar
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Germany : CPI  
Released On 11/29/2017 8:00:00 AM For Nov(p), 2017
PriorConsensusActual
Month over Month0.0 %0.3 %0.3 %
Year over Year1.6 %1.8 %1.8 %

Highlights
Inflation provisionally accelerated again in November. A 0.3 percent monthly increase in consumer prices was in line with expectations and large enough to lift the annual inflation rate by 0.2 percentage points to 1.8 percent, equalling its highest mark since April.

The flash HICP followed suit, also posting a 0.3 percent increase versus October for a yearly rate of 1.8 percent too, up from 1.5 percent last time.

Much of the increase in annual CPI inflation was attributable to energy where the rate climbed from 1.2 percent to 3.7 percent. However, elsewhere there were some signs of higher underlying prices too. Hence, service sector inflation was up 0.3 percentage points at 1.5 percent while goods recorded a 0.2 percentage point gain to 2.1 percent and rent, ex-utilities a 0.1 percentage point increase to 1.7 percent. Only food (3.2 percent after 4.3 percent) showed a decline.

The flash Eurozone HICP data for November are due tomorrow. Today's German report is consistent with a rebound in the headline yearly rate following the October dip. More importantly, there may be a small increase in the core rates too.

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
 
 

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