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Germany : CPI  
Released On 9/27/2018 8:00:00 AM For Sepp, 2018
Month over Month0.1 %0.1 %0.4 %
Year over Year2.0 %2.0 %2.3 %

Consumer prices were surprisingly robust in September. A provisional 0.4 percent monthly rise put the annual CPI rate at 2.3 percent, up from a final 2.0 percent in August and its strongest reading since November 2011.

The flash HICP similarly accelerated with also a 0.4 percent monthly increase that boosted its yearly rate by 0.3 percentage points to 2.2 percent.

However, much of the spurt in annual CPI inflation was attributable to the more volatile components. Hence, the rate for food was up 0.3 percentage points at 2.8 percent while energy climbed fully 0.8 percentage points to 7.7 percent. Overall goods inflation increased 0.4 percentage points to 3.1 percent but services edged just a tick firmer to 1.5 percent. Rent, excluding utilities, dipped from 1.5 percent to 1.4 percent.

Still, today's German inflation update suggests that higher wages are beginning to have an impact on consumer prices. To a lesser extent, this effect should also be apparent in tomorrow's flash Eurozone inflation report for which there must now be some upside risk.

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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