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Germany : CPI  
Released On 9/13/2018 2:00:00 AM For Augf, 2018
PriorConsensusActual
Month over Month0.1 %0.1 %0.1 %
Year over Year2.0 %2.0 %2.0 %

Highlights
The provisional CPI was unrevised in the final data for August. A 0.1 percent monthly rise left annual inflation unchanged at July's final 2.0 percent rate and so equalled one of the highest outturns over the last several years.

The flash HICP was similarly unrevised and so still shows a flat monthly reading and 2.1 percent annual rate, down 0.2 percentage points from last time.

The monthly rise in the CPI was largely attributable to seasonal factors, notably a 3.1 percent bounce in the cost of clothing and footwear. Motor fuels were also 1.2 percent dearer. However, gains here were almost offset by falls in package holidays (3.5 percent), education (6.5 percent) and food (0.3 percent. Excluding food and energy, the CPI was flat on the month and only 1.3 percent higher on the year, a tick short of July's annual rate.

The August data suggest that underlying prices are still struggling to gain any real traction. Without the boost from food (2.5 percent) and energy (6.9 percent), the yearly inflation rate would be much lower and effectively just moving sideways.

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
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