Consumer prices in Germany declined 0.2 percent from a year earlier in September 2020, the largest decrease since January 2015, as prices remained under pressure following the government's announcement in July of a VAT rate cut until the end of the year to help Europe's largest economy recover from the coronavirus shock. Goods prices fell 1.7 percent (vs -1.3 percent in August) led by a decline in energy cost (-7.1 percent vs -6.3 percent) and a slowdown in food inflation (0.6 percent vs 0.7 percent). At the same time, service inflation was steady at 1.0 percent, supported by an increase in net rents exclusive of heating expenses. The harmonised index of consumer prices were down 0.4 percent from a year earlier.
Inflation Rate in Germany averaged 2.35 percent from 1950 until 2020, 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. This page provides the latest reported value for - Germany Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Federal Statistical Office
Inflation Rate in Germany is expected to be 0.30 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 1.30 percent in 2021 and 1.60 percent in 2022, according to our econometric models.