Consumer prices in December 2016: expected rise of 1.7% on December 2015

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MIL OSI – Source: Destatis Statistisches Bundesamt – In English –

Headline: Consumer prices in December 2016: expected rise of 1.7% on December 2015

WIESBADEN – The inflation rate in Germany as measured by the consumer price index is expected to be 1.7% in December 2016. Compared with November 2016, consumer prices are expected to increase by 0.7%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that, on an annual average, the inflation rate is expected to stand at 0.5% in 2016.Year-on-year change in the consumer price indexregarding selected product groupsOverall index / subindexWeightSeptember2016October2016November2016December2016 1in per millin percent 1 Provisional figure. 2 Household energy and motor fuels. 3 Net rents exclusive of heating expenses.Overall index10000.70.80.81.7Goods479.77–0.10.40.51.8including:Energy 2106.56–3.6–1.4–2.72.5Food90.520.40.01.22.5Services520.231.31.31.11.5including:Rents 3209.931.31.41.41.5In December 2016, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.7% year on year and 1.0% on November 2016. On an annual average the harmonised index of consumer prices is expected to be up 0.4% in 2016 as compared with a year earlier. 

The final results for December 2016 will be released on 18 January 2017.

For further information:Thomas Krämer,tel: +49 (0) 611 / 75 29 59,contact form
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