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German Inflation is Helping Domestic Consumption

German inflation was probably unchanged at a three-month low in September, helping bolster domestic consumption in Europe’s largest economy.

Annual consumer-price growth, calculated using a harmonized European Union method, was 1.6 percent, according to the median of 22 estimates in a Bloomberg News survey. That matches the August level, when inflation was the lowest since May. Prices were unchanged from the previous month, the survey shows.

The Bundesbank said this week that slowing inflation is helping to support an “extraordinarily good” consumer climate in Germany. The European Central Bank forecasts that prices in the 17-nation euro area, Germany’s biggest trading partner, will stay contained amid a gradual economic recovery.

Bloomberg [1]

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