Press release No. 003 of 3 January 2017
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.
| Overall index / subindex | Weight | September 2016 | October 2016 | November 2016 | December 2016 1 |
|---|---|---|---|---|---|
| in per mill | in percent | ||||
| 1 Provisional figure. 2 Household energy and motor fuels. 3 Net rents exclusive of heating expenses. | |||||
| Overall index | 1000 | 0.7 | 0.8 | 0.8 | 1.7 |
| Goods | 479.77 | –0.1 | 0.4 | 0.5 | 1.8 |
| including: | |||||
| Energy 2 | 106.56 | –3.6 | –1.4 | –2.7 | 2.5 |
| Food | 90.52 | 0.4 | 0.0 | 1.2 | 2.5 |
| Services | 520.23 | 1.3 | 1.3 | 1.1 | 1.5 |
| including: | |||||
| Rents 3 | 209.93 | 1.3 | 1.4 | 1.4 | 1.5 |
In 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.