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Press release 136 / 2014-04-11: Correction in the 2nd Table
Consumer prices in March 2014: +1.0% on March 2013

Lowest inflation rate since August 2010

Consumer price indicesEnlarge picture

WIESBADEN – Consumer prices in Germany rose by 1.0% in March 2014 compared with March 2013. In February 2014, the inflation rate as measured by the consumer price index had stood at +1.2% and in January 2014 at +1.3%. The slowdown in inflation thus continued. The last time an inflation rate of +1.0% was observed was in August 2010. Compared with February 2014, the consumer price index rose by 0.3% in March 2014. The Federal Statistical Office (Destatis) thus confirms its provisional results of 28 March 2014.

As in the previous months, the low inflation rate was due to falling mineral oil product prices (-4.2%, of which heating oil: -7.5%; motor fuels: –3.1%). Not considering the prices of heating oil and motor fuels, the rate of price increase would have been +1.3%. The prices of energy in general were down 1.6% on a year earlier. The general trend of falling energy prices was contrasted especially by increasing electricity prices (+1.9%).

The rise in food prices (+2.2%) was again higher than the overall inflation rate. Compared with the previous months, however, the increase in prices slowed down markedly. In February 2014, a year-on–year change of +3.5% was recorded. Prices were up on March 2013 especially for dairy products (+10.8%, including curd: +18.9%, UHT milk: +13.4%; sliced cheese: +12.7%; yoghurt: +7.1%) and for edible fats and oils (+6.1%, including butter: +13.3%). Prices rose also for fruit (+4.0%) and fish and fish products (+2.7%). Marked price decreases were observed for eggs (-7.6%) and vegetables (–2.2%, including cucumbers: –32.1%; peppers: –17.1%).

The prices of goods in general were up 0.6% compared with March 2013. An upward effect on prices was exerted not only by food but also, for example, by newspapers and periodicals (+5.6%) and alcoholic beverages and tobacco products (+3.8%, including tobacco: +9.4%; beer: +4.2%; cigarettes: +3.8%). The prices of medical products, too, were higher than a year earlier (+1.8%). Declining prices were recorded not only for energy but also, among other things, for coffee, tea and cocoa (–2.7%), consumer electronics (–5.2%, including TV sets: –8.4%), information processing equipment (–7.2%, including portable computers: –10.7%) and telephones (–8.7%).

The rise in service prices on March 2013 (+1.5%) was higher than the overall inflation rate. As in the previous months, this was mainly due to the increase in net rents exclusive of heating expenses (+1.5%). In addition, prices were up, among other things, for services of social facilities (+3.2%, including of care homes: +2.3%; home care services: +6.0%) and for games of chance (+20.9%). A consumer–friendly development was recorded for air ticket prices (–4.7%).

Change in March 2014 on February 2014
Compared with February 2014, the consumer price index rose by 0.3% in March 2014. In a month-on-month comparison, seasonal price rises were observed especially for clothing and footwear (+4.8%). Prices of package holidays were slightly up, too (+1.4%).

A downward effect on the month-on-month rate of change was exerted by price decreases for energy (–0.3%, including motor fuels: –0.2%; heating oil: –1.9%; solid fuels: –2.2%). Food prices, too, were down on the previous month (–0.4%). Lower prices were recorded, for example, for vegetables (–2.9%) and edible fats and oils (–2.4%). Consumers had to pay slightly more for fruit (+1.4%).

Consumer price index for Germany in March 2014
Overall index / subindexWeightingIndex
2010 = 100

Change on

the same

period a

year earlier

Change on

the preceding

month

in per millin per cent
Overall index1,000.00106.71.00.3
Food and non-alcoholic beverages102.71112.12.0–0.4
Food90.52112.32.2–0.4
Meat20.76113.40.1–0.4
Fruit8.76119.34.01.4
Vegetables11.26105.8–2.2–2.9
Alcoholic beverages and tobacco37.59109.73.80.4
Clothing and footwear44.93108.00.84.8
Housing, water, electricity, gas and other fuels317.29108.20.90.0
Net rent exclusive of heating expenses209.93104.91.50.1
Household energy68.19119.9–0.8–0.4
Electricity26.21125.41.90.0
Gas14.46111.80.3–0.2
Heating oil11.11120.2–7.5–1.9
Furnishings, household equipment and so on49.78102.60.60.5
Health44.44100.61.60.4
Transport134.73106.8–0.2–0.2
Motor fuels38.37108.8–3.1–0.2
Supergrade petrol28.38107.6–3.2–0.2
Diesel fuel9.19111.9–2.5–0.5
Communication30.1092.6–1.4–0.3
Recreation and culture114.92105.21.60.4
Package holidays26.83112.4–2.21.4
Education8.8093.3–2.70.1
Restaurants and hotels44.67107.52.10.3
Miscellaneous goods and services70.04105.81.70.2
Overall index
Excluding heating oil and motor fuels950.52106.41.30.3
Excluding household energy931.81105.71.20.3
Excluding energy (household energy and motor fuels)893.44105.61.40.4
Goods479.77108.30.60.4
Non-durable consumer goods307.89111.90.8–0.2
Energy106.56115.9–1.6–0.3
Services520.23105.21.50.2

 

Consumer price index for Germany
Overall index
________

Year / Month

Index

2010 = 100

Change on
the same
period a
year earlier
Change on
the preceding
month
in per cent
A = annual average
–= no figures or magnitude zero
2012 A104.12.0
2013 A105.71.5
2013March105.61.40.5
April105.11.2-0.5
May105.51.50.4
June105.61.80.1
July106.11.90.5
August106.11.50.0
September106.11.40.0
October105.91.2-0.2
November106.11.30.2
December106.51.40.4
2014January105.91.3-0.6
February106.41.20.5
March106.71.00.3

The harmonised index of consumer prices (HICP) for Germany, which is calculated for European purposes, rose by 0.9% in March 2014 on March 2013. This was the first time since June 2010 that a year-on-year rate of change of less than +1.0% was recorded for this index. Compared with February 2014, the index rose by 0.3% in March 2014. The HICP estimates of 28 March 2014 were thus confirmed.

Harmonisierte Verbraucherpreisindizes

Further information on the consumer price index is provided by Fachserie 17, Reihe 7, and on the harmonised index of consumer prices by the online publication “Harmonisierte Verbraucherpreisindizes”. Both publications are available for download from the website of the Federal Statistical Office.

Detailed data and long time series on consumer price statistics can also be retrieved from the Genesis Online database through the tables on the Verbraucherpreisindex (61111-0004) and (61111-0006) and on the Harmonisierter Verbraucherpreisindex (61121-0002) und (61121-0004).

For further information:
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