FXStreet (Mumbai) - The latest Bundesbank report released today showed the German central bank revised the 2015 the Harmonised Index of Consumer Prices (HICP) lower to 0.2% from the previous forecast of 0.5%. The Bundesbank's economists expect Germany’s real gross domestic product (GDP) to grow by 1.7% this year, followed by a rise of 1.8% in 2016 and 1.7% in 2017. On inflation “Consumer price inflation will accelerate as the dampening effect of crude oil prices on inflation gradually peters out. This should more clearly reflect the feed-through of rising domestic cost pressures in the price level.” On growth “Export markets outside the euro area expected to rebound and economic growth within the euro area gaining a little more traction, the healthy underlying state of the German economy should stand out even more clearly over the next two years." For more information, read our latest forex news.