Germany’s inflation rate was confirmed at 2 percent in April 2019, up from an 11-month low of 1.3 percent in the previous month. It was the highest inflation rate since November, as services, energy and food prices rose at a faster pace. Inflation Rate in Germany averaged 2.38 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.

Inflation Rate in Germany is expected to be 1.50 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 1.80 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Germany Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-28 01:00 PM Inflation Rate YoY Prel 1.3% 1.5% 1.6% 1.4%
2019-04-11 06:00 AM Inflation Rate YoY Final 1.3% 1.5% 1.3% 1.3%
2019-04-30 12:00 PM Inflation Rate YoY Prel 2% 1.3% 1.6% 1.3%
2019-05-14 06:00 AM Inflation Rate YoY Final 2% 1.3% 2% 2%
2019-05-31 12:00 PM Inflation Rate YoY Prel 2% 1.5%
2019-06-13 06:00 AM Inflation Rate YoY Final 2%
2019-06-27 12:00 PM Inflation Rate YoY Prel 1.5%



German April Inflation Rate Confirmed at 2%

Germany’s inflation rate was confirmed at 2 percent in April 2019, up from an 11-month low of 1.3 percent in the previous month. It was the highest inflation rate since November, as services, energy and food prices rose at a faster pace.

Goods prices advanced 1.8 percent year-on-year in April (vs 1.6 percent in March), as both energy and food prices rose at a faster pace. Gains were also recorded for other goods such as newspapers and periodicals (4.8 percent) and tobacco products (3.6 percent). Meanwhile, lower prices were recorded for consumer electronics (-6.8 percent), led by telephones (-6.7 percent).

Energy prices advanced 4.6 percent (vs 4.2 percent in March), boosted by heating oil (9.4 percent), motor fuels (5.4 percent), district heating (5.3 percent), natural gas (3.2 percent) and electricity (3.0 percent).
 
Food cost increased 0.8 percent in April, accelerating from a 0.7 percent rise in March. Vegetable prices increased substantially (9.7 percent), followed by fish and fish products (2.6 percent) and for bread and cereals (2.3 percent). In contrast, fruit prices declined sharply (-8.4 percent), as well as prices of edible fats and oils (-1.9 percent), dairy products and eggs (-1.3 percent) and also sugar, jam, honey and other confectionery (-1.0 percent).

Services inflation increased to 2.1 percent from 1.2 percent, with the cost of rents advancing by 1.4 percent, the same as in the prior month. This was mainly attributable to increases in travel service prices, in particular package holiday prices (11.2 percent), long-distance bus journeys (13.6 percent), air tickets (6.1 percent) and rail tickets (3.4 percent). In addition, price increases were observed for services of social facilities (5 percent), maintenance and repair of vehicles (4.3 percent) and catering services in restaurants, cafes and the like (2.6 percent). A major factor contributing to the development of service prices was also the increase in net rents exclusive of heating expenses (1.4 percent), as households spend a large part of their consumption expenditure on this item.

On a monthly basis, the consumer price index jumped 1 percent in April, following a 0.4 percent gain in March. This was mainly due to price rises for package holidays (15.9 percent). Passengers paid also markedly more for long-distance bus journeys (14.8 percent), air tickets (3.6 percent) and rail tickets (3.4 percent). Motor fuel prices, too, were up 4.9 percent. The prices of energy (total) increased by 2.1 percent month on month.

The harmonised index of consumer prices rose 2.1 percent from the previous year (vs 1.4 percent in March); and 1.0 percent month-over-month (vs 0.5 percent in March).


Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
5/14/2019 10:02:44 AM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 1.30 11.54 -7.62 percent [+]
Inflation Rate Mom 1.00 0.40 2.65 -2.73 percent [+]
Consumer Price Index CPI 105.20 104.20 107.00 20.50 Index Points [+]
Harmonised Consumer Prices 105.40 104.40 105.40 75.50 Index Points [+]
Core Consumer Prices 105.20 104.30 105.90 69.80 Index Points [+]
Core Inflation Rate 1.80 1.10 6.29 0.19 percent [+]
Producer Prices 105.40 104.90 105.40 25.50 Index Points [+]
Producer Prices Change 2.50 2.40 22.40 -7.80 percent [+]
Export Prices 102.40 102.30 102.60 36.20 Index Points [+]
Import Prices 102.50 102.50 109.20 40.80 Index Points [+]
Food Inflation 0.50 0.50 8.22 -3.09 percent [+]
CPI Housing Utilities 104.70 104.40 108.70 57.60 Index Points [+]
CPI Transportation 106.90 105.10 109.50 57.30 Index Points [+]


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. . 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.30 11.54 -7.62 1950 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.50 Mar/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 1.90 Mar/19
United States 2.00 Apr/19


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