Consumer prices in July 2017: +1.7% on July 2016

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

Headline: Consumer prices in July 2017: +1.7% on July 2016

Inflation rate slightly higher since May 2017
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WIESBADEN – Consumer prices in Germany rose by 1.7% in July 2017 compared with July 2016. The inflation rate as measured by the consumer price index increased slightly for the second consecutive month. A somewhat higher rate than in July 2017 was last measured in April (+2.0%). Compared with June 2017, the consumer price index rose by 0.4% in July 2017. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 28 July 2017.

Energy prices were up by 0.9% in July 2017 year on year. The rise in energy prices was thus considerably smaller than the overall rise in prices. In June 2017, Energy prices had still been on the level of June 2016. In July 2017, prices were up year on year especially for mineral oil products (+2.0%, of which heating oil: +5.4%; motor fuels: +1.3%) and electricity (+1.9%). Gas prices, in contrast, were down by 3.2%.

Food prices rose 2.7% from July 2016 to July 2017. In June 2017, food prices had been up by 2.8% year on year. This means that the rise in food prices remained on a notably higher level than overall inflation in July 2017. Prices were up on a year earlier in particular for edible fats and oils (+29.2%), especially butter (+64.0%) was much more expensive in July 2017. Consumers had to pay markedly more (+14.0%) for all dairy products, too. Price increases were also recorded for fish and fish products (+3.2%) and for meat and meat products (+2.4%). In contrast to that, especially fruit prices went down year on year (-6.0%). Excluding food and energy prices, the inflation rate would have been +1.7% in July 2017.

The prices of both goods and services rose 1.7% from July 2016 to July 2017. Goods prices were markedly up on the previous year not only for many food products and some energy products but also, for example, for newspapers and periodicals (+4.8%), tobacco products (+4.5%) and pharmaceutical products (+2.7%).

The increase in service prices was important for the development of net rents exclusive of heating expenses (+1.8% on July 2016) as households spend a large part of their consumption expenditure on this item. Even larger price increases were observed, for instance, for package holidays (+4.3%), maintenance and repair of vehicles (+3.2%) and catering services (+2.0%). However, the prices of some services were down, especially for services of social facilities (–7.2%); this was due to the implementation of Act II on Strengthening Long-Term Care in January 2017. Especially regarding home care services, there was a decrease in the co-payments to be made by people who are insured under a statutory health insurance scheme and make use of individual care services.

Change in July 2017 on June 2017Compared with June 2017, the consumer price index rose by 0.4% in July 2017. In the holiday month of July, prices were up especially for package holidays (+14.7%, of which international holidays: +15.4%; domestic holidays: +5.7%) and air tickets (+7.4%). The prices of food (total) also increased slightly (0.3%). Prices of edible fats and oils were again notably higher (+7.4%; June 2017: +4.9% on May 2017). Consumers noted a particularly strong increase of butter prices, which were up 14.2% from June 2017. As regards food, prices were down especially for vegetables (–1.6%, including butterhead lettuce and iceberg salad: –11.2%, tomatoes: –5.4%).

Total energy prices were up 0.3% in July 2017 on the previous month. Specifically, there were lower prices of motor fuels (–0.9%) and gas (–0.4%), for instance, in contrast to higher prices of heating oil (+0.6%) and electricity (+0.2%). Slight month-on-month price decreases that benefitted consumers were also observed for clothing (–4.3%) and footwear (–2.8%). This development was mainly due to seasonal price reductions for some summer articles.
Consumer price index for Germany in July 2017Overall index / subindexWeightingIndex2010 = 100Change onthe sameperiod ayear earlierChange onthe precedingmonthin per millin per centOverall index 1,000.00109.41.70.4Food and non-alcoholic beverages102.71115.92.60.3Food90.52116.12.70.3Meat20.76115.72.40.7Fruit8.76128.0–0.6–0.5Vegetables11.26104.8–6.0–1.4Alcoholic beverages and tobacco37.59119.72.80.2Clothing and footwear44.93103.31.4–3.7Housing, water, electricity, gas and other fuels317.29109.51.50.2Net rent exclusive of heating expenses209.93109.81.80.1Household energy68.19108.60.70.1Electricity26.21128.01.90.2Gas14.46103.2–3.2–0.4Heating oil11.1180.45.40.6Furnishings, household equipment and so on49.78104.20.70.0Health44.44107.21.80.2Transport134.73107.11.70.1Motor fuels38.3793.21.3–0.9Supergrade petrol28.3894.11.2–1.1Diesel fuel9.1990.91.1–0.1Communication30.1089.5–0.8–0.2Recreation and culture114.92111.62.23.6Package holidays26.83125.04.314.7Education8.8095.31.00.0Restaurants and hotels44.67116.02.30.3Miscellaneous goods and services70.04109.60.40.1Overall index Excluding food and energy802.92109.51.70.5Excluding energy (household energy and motor fuels)893.44110.11.70.4Excluding heating oil and motor fuels950.52110.41.70.5Goods479.77108.01.7–0.3Non-durable consumer goods307.89111.01.80.1Energy106.56103.00.9–0.3Services520.23110.71.70.9
Consumer price index for GermanyOverall index________Year / MonthIndex2010 = 100Change onthe previousyear Change onthe previousmonthin %A = annual average–= no figures or magnitude zero2015 A106.90.3−2016 A107.40.5−2016July107.60.40.3August107.60.40.0September107.70.70.1October107.90.80.2November108.00.80.1December108.81.70.72017January108.11.9–0.6February108.82.20.6March109.01.60.2April109.02.00.0May108.81.5–0.2June109.01.60.2July109.41.70.4Harmonised index of consumer prices for Germany Enlarge picture
The harmonised index of consumer prices (HICP) for Germany, which is calculated for European purposes, rose by 1.5% in July 2017 on July 2016. Compared with June 2017, the index was up by 0.4% in July 2017. This confirmed the HICP estimates of 28 July 2017.

More information on consumer price statistics is provided by Fachserie 17, Reihe 7.

Detailed data and long time series of consumer price statistics can also be found in the Genesis Online database in tables 61111-0004 and 61111-0006 (consumer price index) as well as in tables 61121-0002 and 61121-0004 (harmonised consumer price index).

For further information:tel: +49 (0) 611 / 75 47 77,contact form
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