2018 Economic Calendar
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Germany : CPI  
Released On 3/29/2018 8:00:00 AM For Marp, 2018
PriorConsensusActual
Month over Month0.5 %0.5 %0.4 %
Year over Year1.4 %1.7 %1.6 %

Highlights
Inflation provisionally accelerated in March. A 0.4 percent monthly rise in the CPI was on the soft side of market expectations but still strong enough to see the annual inflation rate climb a couple to ticks to 1.6 percent. This was the first increase in the yearly rate since November 2017.

The flash HICP largely followed suit, also recording a 0.4 percent increase versus February that lifted its 12-month rate by 0.3 percentage points to 1.5 percent.

The acceleration in the annual CPI rate was largely attributable to the more volatile components. Hence, food inflation jumped from 1.1 percent to 2.9 percent while the energy rate rose from 0.1 percent to 0.5 percent. Elsewhere, overall goods saw a 0.2 percentage point gain to 1.4 percent and services matched this in rising to 1.8 percent. Rent, excluding utilities was flat at 1.6 percent.

The pick-up in German inflation this month bodes well for the Eurozone as a whole (flash HICP due 4th April). However, the signs are that the underlying rate will be little changed in which case the likelihood of the ECB maintaining its current policy stance through September will be all the greater.

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
 
 

2018 Release Schedule
Released On: 1/161/302/142/273/143/294/134/305/165/306/146/287/127/308/14
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