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.

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Germany Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.90 11.54 -7.62 1950 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-16 06:00 AM Inflation Rate YoY Final Mar 1.4% 1.7% 1.4% 1.4%
2020-04-29 12:00 PM Inflation Rate YoY Prel Apr 0.8% 1.4% 0.6% 0.7%
2020-05-14 06:00 AM Inflation Rate YoY Final Apr 0.9% 1.4% 0.8% 0.8%
2020-05-28 12:00 PM Inflation Rate YoY Prel May 0.6% 0.9% 0.6% 0.6%
2020-06-16 06:00 AM Inflation Rate YoY Final May 0.9% 0.6% 0.6%
2020-06-29 12:00 PM Inflation Rate YoY Prel Jun -0.6%
2020-07-14 06:00 AM Inflation Rate YoY Final Jun -0.6%
2020-07-30 12:00 PM Inflation Rate YoY Prel Jul


News Stream
Germany Inflation Rate Lowest since 2016
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.
2020-05-28
German April Inflation Rate Revised Up to 0.9%
Germany's annual inflation was revised higher to 0.9 percent in April 2020 from a preliminary estimate of 0.8 percent, still the lowest since November 2016. Services inflation eased to 1.3 percent from 1.4 percent, with rents cost rising at a softer pace (1.4 percent vs 1.5 percent), Meanwhile, goods inflation slowed to 0.3 percent from 1.3 percent in March, mainly due to a fall in energy prices (-5.8 percent vs -0.9 percent). Conversely, food inflation accelerated to 4.8 percent from 3.7 percent. On a monthly basis, consumer prices went up 0.4 percent in April, after a 0.1 percent rise in March. The harmonised index of consumer prices rose by 0.8 percent from a year earlier and by 0.4 percent from the previous month.
2020-05-14
German Inflation Rate Slows to 3-1/2-Year Low
The annual inflation rate in Germany is expected to slow to 0.8 percent in April 2020, the lowest since November 2016 and compared to market expectations of 0.6 percent, a preliminary estimate showed. Services prices should increase at a softer 1.3 percent (vs 1.4 percent in March), with rents cost continuing to advance (1.4 percent vs 1.5 percent), while energy prices are seen falling 5.8 percent (vs -0.9 percent in March). On the contrary, food inflation is likely to jump to 4.8 percent from 3.7 percent. On a monthly basis, consumer prices are expected to gain 0.3 percent in April.
2020-04-29
German Inflation Rate Confirmed at 4-Month Low
The annual inflation rate in Germany was confirmed at 1.4 percent in March 2020, down from the previous month's 1.7 percent and the lowest since November last year. Services inflation eased (1.4 percent vs 1.6 percent) despite a slightly faster increase in rents cost (1.5 percent vs 1.4 percent), while energy prices dropped (-0.9 percent vs 2 percent). Conversely, food inflation accelerated to 3.7 percent from 3.3 percent. On a monthly basis, consumer prices edged up 0.1 percent in March, after a 0.4 percent rise in February. The harmonised index of consumer prices went up by 1.3 percent from a year earlier and by 0.1 percent rise from the previous month.
2020-04-16

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.