Economic News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

German inflation accelerates to 1.5% in December

Thu Jan 16, 2020
watermark Economic news

According to the Federal Statistical Office of Germany (Destatis), consumer prices, calculated according to national standards, increased by 1.5% in December in annual terms. In November annual inflation was 1.1%.  Prices rose by 0.5% relative to the previous month. These data coincided with the preliminary and consensus forecast of experts.


Prices for food and non-alcoholic drinks in Germany last year in annual terms rose by 1.9% and by 0.5% per month. Services rose in price by 1.8% per year and 0.9% per month. Prices for clothes and shoes increased by 2.4% and decreased by 1%, respectively. Gasoline lost 4.3% per year and 0.7% per month.


Consumer prices calculated according to European Union standards last month grew by 1.5% in annual terms and by 0.6% in monthly terms, which also coincided with the first estimates and market expectations. The annual increase in prices has become the highest since June of this year.


Top Top