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Consumer Price Index

CPI is one of the most widely used measure of inflation, as it follows the price changes experienced by consumers when purchasing goods and services. This is usually measured by a following an index of a certain "basket of goods", that is made up of the the items needed by a household. "Core" CPI usually excludes volatile items, such as food and energy, in order to get a better sense of price changes without these prices factored in.

Main Indicator: Consumer Price Index m/m

Most Recent Release

March
10th, 2010

Actual

Forecast

Revised Form

0.4%

0.2%

N/A

Final Version for Febraury
Provided by: Federal Statistics Office

CPI y/y: 0.6%, pr. 0.4% (Jan), 0.8% (Dec), 0.3% (Nov),
0.0% (Oct), -0.3% (Sep), 0.0% (Aug), -0.5% (Jul), 0.1% (Jun)

CPI EU Harm. m/m: pr. 0.6% (Dec), -0.1% (Nov),0.1% (Oct),
-0.5% (Sep), 0.3% (Aug), -0.1% (Jul), 0.4% (Jun)
CPI EU Harm. y/y: pr. 0.8% (Dec), 0.4% (Nov), -0.1% (Oct),
-0.5% (Sep), -0.1% (Aug), -0.7% (Jul), 0.0% (Jun)

German consumer prices increased 0.4% m/m in February (vs. preliminarily reported 0.2% m/m) after a 0.6% m/m decline in January, and the consumer-price inflation rate eased to 0.6% y/y (vs. preliminarily reported 0.4% y/y) from January’s 0.8% y/y, according to final February CPI data released by the Federal Statistical Office. The harmonised index of consumer prices, calculated for European purposes, increased an upwardly revised 0.4% m/m in February after a 0.6% m/m decline in January. The HICP rate eased to an upwardly revised 0.5% y/y from January’s 0.8% y/y.

Table of Past Data

	8/27	9/9	9/28	10/9	11/5	11/10	11/26	1/27	2/9	3/10

Actual	0.2%	0.2%	-0.4%	-0.4%		0.1%	-0.2%	-0.6%	-0.6%	0.4%
Forecast	0.0%	0.2%	-0.2%	-0.4%		0.1%	0.0%	-0.2%	-0.6%
Previous	0.0%	0.2%	0.2%	-0.4%	0.1%	0.1%	0.1%	0.8%	-0.6%	0.2%
Revised From	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Past Releases

February
9th, 2010

Actual

Forecast

Revised Form

-0.6%

N/A

Final Version for January
Provided by: Federal Statistics Office
Official Release: Press Release

CPI y/y: 0.8%, prel. 0.8%, pr. 0.3% (Nov), 0.0% (Oct),
-0.3% (Sep), 0.0% (Aug), -0.5% (Jul), 0.1% (Jun), 0.0% (May)

CPI EU Harm. m/m: -0.6%, prel. -0.7%, pr. -0.1% (Nov),
0.1% (Oct), -0.5% (Sep), 0.3% (Aug), -0.1% (Jul), 0.4% (Jun)
CPI EU Harm. y/y: 0.8%, prel. 0.7%, pr. 0.4% (Nov),
-0.1% (Oct), -0.5% (Sep), -0.1% (Aug), -0.7% (Jul), 0.0% (Jun)

January
27th, 2010

Actual

Forecast

Revised Form

-0.6%

-0.2%

0.8%

N/A

Preliminary Version for January
Provided by: Federal Statistics Office

CPI y/y: 0.8%, pr. 0.3% (Nov), 0.0% (Oct), -0.3% (Sep),
0.0% (Aug), -0.5% (Jul), 0.1% (Jun), 0.0% (May), 0.7% (Apr)

CPI EU Harm. m/m: -0.7%, pr. -0.1% (Nov), 0.1% (Oct),
-0.5% (Sep), 0.3% (Aug), -0.1% (Jul), 0.4% (Jun), -0.1% (May)
CPI EU Harm. y/y: 0.7%, pr. 0.4% (Nov), -0.1% (Oct),
-0.5% (Sep), -0.1% (Aug), -0.7% (Jul), 0.0% (Jun), 0.0% (May)

Germany's consumer prices fell more than expected in January, sliding 0.6% on the month according to preliminary data. That followed a sharp 0.8% rise in December, smoothing out to a 0.2% increase over those two months. On the year consumer prices rose further, climbing to 0.8% from November's 0.3%. Those price pressures remain weak and do not pose an immediate concern for the ECB, which is beginning to take steps to tighten monetary policy as the Euro-zone economy recovers from its recession.

November
26th, 2009

Actual

Forecast

Revised Form

-0.2%

0.0%

0.1%

N/A

*Release is Scheduled to Change*
Preliminary Version for November
Provided by: Federal Statistics Office
Previous Release: Press Release

CPI y/y: 0.3%, pr. 0.0% (Oct), -0.3% (Sep), 0.0% (Aug), -0.5% (Jul),
0.1% (Jun), 0.0% (May), 0.7% (Apr), 0.5% (Mar), 1.0% (Feb),
0.9% (Jan), 1.1% (Dec), 1.4% (Nov), 2.4% (Oct), 2.9% (Sep)

CPI EU Harm. m/m: -0.1%, pr. 0.1% (Oct), -0.5% (Sep), 0.3% (Aug),
-0.1% (Jul), 0.4% (Jun), -0.1% (May), 0.0% (Apr), -0.2% (Mar),
0.7% (Feb), -0.6% (Jan), 0.4% (Dec) -0.6% (Nov), -0.3% (Oct)

CPI EU Harm. y/y: 0.4%, pr. -0.1% (Oct), -0.5% (Sep), -0.1% (Aug),
-0.7% (Jul), 0.0% (Jun), 0.0% (May), 0.7% (Apr), 0.4% (Mar),
1.0% (Feb), 0.9% (Jan), 1.1% (Dec), 1.4% (Nov), 2.5% (Oct)

November
10th, 2009

Actual

Forecast

Revised Form

0.1%

N/A

Final Version for October

November
5th, 2009

Actual

Forecast

Revised Form

0.1%

N/A

October
9th, 2009

Actual

Forecast

Revised Form

-0.4%

N/A

Final Version for September
Provided by: Federal Statistics Office
Official Release: Press Release

CPI y/y: -0.3%, prel. -0.3%, pr. 0.0% (Aug), -0.5% (Jul), 0.1% (Jun),
0.0% (May), 0.7% (Apr), 0.5% (Mar), 1.0% (Feb), 0.9% (Jan),
1.1% (Dec), 1.4% (Nov), 2.4% (Oct), 2.9% (Sep)

CPI EU Harm. m/m: -0.5%, prel. -0.4%, pr. 0.3% (Aug), -0.1% (Jul),
0.4% (Jun), -0.1% (May), 0.0% (Apr), -0.2% (Mar), 0.7% (Feb),
-0.6% (Jan), 0.4% (Dec) -0.6% (Nov), -0.3% (Oct)

CPI EU Harm. y/y: -0.5%, prel. -0.4%, pr. -0.1% (Aug), -0.7% (Jul),
0.0% (Jun), 0.0% (May), 0.7% (Apr), 0.4% (Mar), 1.0% (Feb),
0.9% (Jan), 1.1% (Dec), 1.4% (Nov), 2.5% (Oct)

September
28th, 2009

Actual

Forecast

Revised Form

-0.4%

-0.2%

0.2%

N/A

Preliminary Version for September
Provided by: Federal Statistics Office
Official Release: Press Release

CPI y/y: -0.3%, forecast -0.1%, pr. 0.0% (Aug), -0.5% (Jul),
0.1% (Jun), 0.0% (May), 0.7% (Apr), 0.5% (Mar), 1.0% (Feb),
0.9% (Jan), 1.1% (Dec), 1.4% (Nov), 2.4% (Oct), 2.9% (Sep)

CPI EU Harm. m/m: -0.4%, forecast -0.2%, pr. 0.3% (Aug),
-0.1% (Jul), 0.4% (Jun), -0.1% (May), 0.0% (Apr), -0.2% (Mar),
0.7% (Feb), -0.6% (Jan), 0.4% (Dec) -0.6% (Nov), -0.3% (Oct)

CPI EU Harm. y/y: -0.4%, forecast -0.2%, pr. -0.1% (Aug),
-0.7% (Jul), 0.0% (Jun), 0.0% (May), 0.7% (Apr), 0.4% (Mar),
1.0% (Feb), 0.9% (Jan), 1.1% (Dec), 1.4% (Nov), 2.5% (Oct)

September
9th, 2009

Actual

Forecast

Revised Form

0.2%

N/A

Final Version for August
Provided by: Federal Statistics Office
Official Release: Press Release

CPI y/y: 0.0% pr. -0.5% (Jul), 0.1% (Jun), 0.0% (May), 0.7% (Apr),
0.5% (Mar), 1.0% (Feb), 0.9% (Jan), 1.1% (Dec), 1.4% (Nov),
2.4% (Oct), 2.9% (Sep), 3.1% (Aug), 3.3% (Jul), 3.3% (Jun)

CPI EU Harm. m/m: 0.3% pr. -0.1% (Jul), 0.4% (Jun), -0.1% (May),
0.0% (Apr), -0.2% (Mar), 0.7% (Feb), -0.6% (Jan), 0.4% (Dec)
-0.6% (Nov), -0.3% (Oct), -0.1% (Sep), -0.4% (Aug), 0.7% (Jul)

CPI EU Harm. y/y: -0.1% pr. -0.7% (Jul), 0.0% (Jun), 0.0% (May),
0.7% (Apr), 0.4% (Mar), 1.0% (Feb), 0.9% (Jan), 1.1% (Dec),
1.4% (Nov), 2.5% (Oct), 3.0% (Sep), 3.3% (Aug), 3.5% (Jul)

August
27th, 2009

Actual

Forecast

Revised Form

0.2%

0.0%

N/A

Preliminary Version for August
Provided by: Federal Statistics Office
Previous Release: Press Release

CPI y/y: 0.0%, pr. -0.5% (Jul), 0.1% (Jun), 0.0% (May), 0.7% (Apr),
0.5% (Mar), 1.0% (Feb), 0.9% (Jan), 1.1% (Dec), 1.4% (Nov),
2.4% (Oct), 2.9% (Sep), 3.1% (Aug), 3.3% (Jul), 3.3% (Jun)

CPI EU Harm. m/m: 0.4%, pr. -0.1% (Jul), 0.4% (Jun), -0.1% (May),
0.0% (Apr), -0.2% (Mar), 0.7% (Feb), -0.6% (Jan), 0.4% (Dec)
-0.6% (Nov), -0.3% (Oct), -0.1% (Sep), -0.4% (Aug), 0.7% (Jul)

CPI EU Harm. y/y: 0.0%, pr. -0.7% (Jul), 0.0% (Jun), 0.0% (May),
0.7% (Apr), 0.4% (Mar), 1.0% (Feb), 0.9% (Jan), 1.1% (Dec),
1.4% (Nov), 2.5% (Oct), 3.0% (Sep), 3.3% (Aug), 3.5% (Jul)