YoY Change in Preliminary Consumer Price Index (CPI) in Germany
Germany| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-over-year Consumer Price Index (CPI, preliminary) measures how the prices of goods and services purchased by consumers in Germany have changed compared to the same month in the previous year. This data, released monthly by the Federal Statistical Office (Destatis), provides initial preliminary figures.
Year-over-year data helps quickly understand the extent of inflation progression. If the CPI is increasing, it indicates rising inflationary pressures, potentially leading to a decrease in consumer purchasing power. Conversely, if the CPI is decreasing, it suggests deflationary risks, potentially leading to an increase in consumer purchasing power.
This data is crucial for policymakers to swiftly assess inflation trends and develop appropriate monetary policies. For example, if the CPI shows significant growth, the central bank might consider raising interest rates to control inflation. Conversely, if the CPI is declining, there may be a need to enhance economic stimulus measures. Additionally, CPI data is essential for businesses and investors as it helps gauge inflation trends and formulate economic outlooks and investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
