Germany Inflation Rate  1950-2018 | Data | Chart | Calendar | Forecast

German consumer price inflation rate eased to 2.1 percent year-on-year in June of 2018 from a 15-month high of 2.2 percent in the previous month and matching the preliminary estimate. Services inflation slowed; while prices of goods increased faster, mainly due to energy. Inflation Rate in Germany averaged 2.39 percent from 1950 until 2018, 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.

Germany Inflation Rate
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German June Inflation Rate Confirmed at 2.1%


German consumer price inflation rate eased to 2.1 percent year-on-year in June of 2018 from a 15-month high of 2.2 percent in the previous month and matching the preliminary estimate. Services inflation slowed; while prices of goods increased faster, mainly due to energy.

Services inflation fell to 1.5 percent in June from 1.9 percent in May. Upward pressure came from: net rents exclusive of heating expenses (1.6 percent); maintenance and repair of vehicles (3.2 percent); services of social facilities (3.1 percent) and catering services in restaurants, cafes and the like (2.2 percent). Meantime, consumers paid less for air tickets (-4.2 percent) and telecommunication services (-0.7 percent).

Prices of goods rose 2.8 percent, following a 2.5 percent advance a month earlier, as cost of energy increased at a faster pace while cost of food rose less. Prices also increased for newspapers and periodicals (4.8 percent), beer (4.1 percent) and tobacco products (3.7 percent). However, prices were down for consumer electronics (-4.9 percent) and information processing equipment (-4.5 percent).

Energy prices went up 6.4 percent, after a 5.1 percent rise in May. Prices increased mainly for: heating oil (30.3 percent); motor fuels (11.3 percent); electricity (1.2 percent); and charges for central and district heating (0.9 percent). In contrast, gas prices dropped 1.6 percent.

Cost of food and non-alcoholic beverages rose 3.2 percent, following a 3.4 percent increase in May. Price increases were observed for all categories, especially edible fats and oils (14.4 percent), of which butter (26.1 percent); fruit (7.2 percent); and dairy products and eggs (4.8 percent).

On a monthly basis, the consumer price index increased by 0.1 percent in June, compared to a 0.5 percent rise in May. Marked seasonal price increases on the previous month were recorded for air tickets (2.7 percent), package holidays (2.5 percent) and accommodation services (1.4 percent). Also, energy prices were up 0.5 percent, especially due to motor fuels cost (1.5 percent) while prices of household energy remained nearly unchanged (-0.1 percent). Meanwhile, food prices fell 0.3 percent in June, as prices were down especially for fruit and vegetables (-1.7 percent each). Consumers also benefited from slightly lower prices of meat and meat products (-0.3 percent). Also, month-on-month price decreases were recorded for clothing (-2.9 percent) and footwear (-1.3 percent), sometimes as a result of first discounts given on spring and summer articles.

The harmonised index of consumer prices rose 2.1 percent from the previous year, and by 0.1 percent month-on-month.


Destatis | Rida | rida@tradingeconomics.com
7/12/2018 9:40:27 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-14 06:00 AM Inflation Rate YoY Final 2.2% 1.6% 2.2% 2.2%
2018-06-28 12:00 PM Inflation Rate YoY Prel 2.1% 2.2% 2.1% 2.1%
2018-07-12 06:00 AM Inflation Rate YoY Final 2.1% 2.2% 2.1% 2.1%
2018-07-30 10:00 AM Inflation Rate YoY Prel 2.1% 1.9%
2018-08-14 06:00 AM Inflation Rate YoY Final 2.1%
2018-08-30 12:00 PM Inflation Rate YoY Prel 1.8%


Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 2.20 11.54 -7.62 percent [+]
Inflation Rate Mom 0.10 0.50 2.65 -2.73 percent [+]
Consumer Price Index CPI 111.30 111.20 111.30 20.50 Index Points [+]
Harmonised Consumer Prices 103.90 103.80 103.90 75.50 Index Points [+]
Core Consumer Prices 110.50 110.40 110.50 69.80 Index Points [+]
Core Inflation Rate 1.38 1.56 6.29 0.19 percent [+]
Producer Prices 107.30 106.80 107.70 26.50 Index Points [+]
Producer Prices Change 2.70 2.00 22.41 -7.79 percent [+]
Export Prices 107.40 106.90 107.40 38.00 Index Points [+]
Import Prices 104.50 102.90 110.00 41.10 Index Points [+]
Food Inflation 3.20 3.40 8.22 -3.09 percent [+]
CPI Housing Utilities 111.60 111.50 111.60 57.60 Index Points [+]
CPI Transportation 111.40 110.80 111.40 57.30 Index Points [+]


Germany Inflation Rate

In Germany, most important categories in the consumer price index are housing, water, electricity, gas and other fuels (31 percent of the total weight), transport (13 percent), recreation (12 percent) and food and non-alcoholic beverages (10 percent). The index also includes miscellaneous goods and services (7 percent), clothing and footwear (5 percent) and health (4 percent). The remaining 8 percent of the index is composed by: furnishing and household equipment, communications and accommodation and catering services. 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.20 11.54 -7.62 1950 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.40 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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