Germany's consumer price inflation was confirmed at 1.5 percent year-on-year in December 2019, the highest level since July, as goods prices rose 1.2 percent (vs 0.1 percent in November) mainly due to a faster increase in food prices (2.1 percent vs 1.8 percent) and a softer fall in energy prices (-0.1 percent vs -3.7 percent). Meanwhile, services inflation stood at 1.8 percent in December, mainly boosted by net rents exclusive of heating expenses (1.5 percent). Considering 2019 full year, the inflation rate averaged 1.4 percent, compared to 1.8 percent in 2018 and below the ECB's target of below, but close to, 2 percent. Inflation Rate in Germany averaged 2.37 percent from 1950 until 2019, reaching an all time high of 11.54 percent in October of 1951 and a record low of -7.62 percent in June of 1950. source: Federal Statistical Office

Inflation Rate in Germany is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Germany to stand at 1.20 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

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Germany Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.10 11.54 -7.62 1950 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-11-28 01:00 PM Inflation Rate YoY Prel Nov 1.1% 1.1% 1.3% 1.2%
2019-12-12 07:00 AM Inflation Rate YoY Final Nov 1.1% 1.1% 1.1% 1.1%
2020-01-03 01:00 PM Inflation Rate YoY Prel Dec 1.5% 1.1% 1.4% 1.3%
2020-01-16 07:00 AM Inflation Rate YoY Final Dec 1.5% 1.1% 1.5% 1.5%
2020-01-30 01:00 PM Inflation Rate YoY Prel Jan 1.5% 1.4%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2020-01-03
German Inflation Rate Climbs to 5-Month High
Germany's consumer price inflation is expected to pick up to 1.5 percent year-on-year in December 2019, the highest level since July and slightly above market expectations of 1.4 percent, a preliminary estimate showed. Goods inflation is seen accelerating to 1.2 percent from 0.1 percent in November on the back of a further increase in food cost (2.1 percent vs 1.8 percent) and an easing energy deflation (-0.1 percent vs -3.7 percent). Services inflation is likely to hold steady at 1.8 percent, with rent prices rising 1.4 percent. The harmonised index of consumer prices is set to increase 1.5 percent from a year earlier and 0.6 percent on the previous month. On an annual average, the inflation rate is expected to stand at 1.4 percent in 2019.

2019-12-12
German Inflation Rate Confirmed at 1-1/2-Year Low
Germany's consumer price inflation was confirmed at 1.1 percent year-on-year in November 2019, unchanged from the previous month and the lowest level since February 2018. Inflation remained below the ECB's target for the seventh month in a row, as energy deflation deepened.

2019-11-28
German Inflation Rate Unchanged at 1-1/2-Year Low
Germany's consumer price inflation is expected to hold steady at 1.1 percent year-on-year in November 2019, the lowest level since February 2018 and below market expectations of 1.3 percent, a preliminary estimate showed. Inflation should also remain below the ECB's target level for the seventh month in a row, as energy deflation is likely to deepen further, while services and food prices are set to increase at a faster pace.

2019-11-13
German Inflation Rate Confirmed at 1-1/2 Year Low
The inflation rate in Germany was confirmed at 1.1 percent year-on-year in October 2019, down from 1.2 percent in the previous month. This was the lowest inflation rate since February 2018, as energy prices fell faster and both of food and services inflation eased.

2019-10-30
German Inflation Slows to Lowest in 1-1/2 Years
The inflation rate in Germany is expected to ease to 1.1 percent year-on-year in October 2019 from 1.2 percent in the previous month, in line with market expectations, a preliminary estimate showed. That would be the lowest inflation rate since February 2018.

2019-10-11
German Inflation Rate Confirmed at 1-1/2 Year Low
The inflation rate in Germany was confirmed at 1.2 percent year-on-year in September 2019, down from 1.4 percent in the previous month. This was the lowest inflation rate since February 2018, as energy prices fell while food inflation eased.


Germany Inflation Rate
In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed by Alcoholic beverages & tobacco, Communication and Education. .

Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.10 11.54 -7.62 percent [+]
Inflation Rate Mom 0.50 -0.80 2.65 -2.73 percent [+]
Consumer Price Index CPI 105.80 105.30 107.00 20.50 points [+]
Harmonised Consumer Prices 106.00 105.40 106.40 75.50 points [+]
Core Consumer Prices 105.90 105.10 106.30 69.80 points [+]
Core Inflation Rate 1.70 1.40 6.29 0.19 percent [+]
Producer Prices 104.50 104.40 105.40 25.50 points [+]
Producer Prices Change -0.20 -0.70 22.40 -7.80 percent [+]
Export Prices 102.40 102.40 102.60 36.20 points [+]
Import Prices 101.50 101.00 109.20 40.80 points [+]
Food Inflation 1.90 1.60 8.22 -3.09 percent [+]
Wholesale Prices 103.80 103.80 106.50 97.30 points [+]
CPI Housing Utilities 105.50 105.40 108.70 57.60 points [+]
CPI Transportation 106.90 106.60 109.50 57.30 points [+]