Annual inflation rate in Germany is expected to slow to 0.6 percent in May of 2020 from 0.9 percent in the previous month, matching market expectations, preliminary estimates showed. It is the lowest inflation rate since September of 2016, due to an 8.5 percent drop in energy costs (-5.8 percent in April) while food inflation slowed (4.5 percent vs 4.8 percent). On the other hand, inflation was flat for both services (1.3 percent) and rents (1.4 percent). On a monthly basis, consumer prices decreased 0.1 percent. The harmonized index is seen rising 0.5 percent on the year and being unchanged on the month.
Inflation Rate in Germany averaged 2.36 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 May of 2020. source: Federal Statistical Office
Inflation Rate in Germany is expected to be -0.60 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 0.60 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.40 percent in 2022, according to our econometric models.