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Harmonised index of consumer prices for Germany rose by 0.2% in October

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The harmonised index of consumer prices for Germany rose by 0.2% in October 2015. The index remained unchanged in October 2015 compared with September 2015. Consumer prices in Germany were 0.3% higher in October 2015 compared to October 2014.

    The prices of energy (total) were down 0.8% from a month earlier. The development of energy prices had a downward effect on the overall inflation rate in October 2015. In October 2015, the prices of both motor fuels (–13.1%) and household energy (–6.5%) were considerably down from a year earlier. Excluding energy prices, the inflation rate in October 2015 would have been higher (+1.4%).

    Food prices rose 1.6% in October 2015 compared with October 2014. The price increased for the third consecutive month.

    The decrease in energy prices was almost offset by the development of food prices (+0.5%).

    The prices of goods (total) were down 0.8% in October 2015 compared with October 2014, while prices of services were up 1.2%. The price rise for services (total) rose due to the increase in net rents exclusive of heating expenses.
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