Germany's consumer price inflation rate is expected to pick up to 1.3 percent year-on-year in February 2021, the highest since March 2020 and slightly above market expectations of 1.2 percent, a preliminary estimate showed. Goods prices should advance at a faster pace (1.0 percent vs 0.6 percent in January), boosted by a rebound in energy cost (0.3 percent vs -2.3 percent) and a smaller increase in food prices (1.4 percent vs 2.2 percent). Meanwhile, services inflation is likely to remain steady at 1.4 percent with rent prices rising 1.3 percent, the same as in January. On a monthly basis, consumer prices are expected to climb 0.7 percent in February, compared with a 0.8 percent jump in January. source: Federal Statistical Office

Inflation Rate in Germany averaged 2.34 percent from 1950 until 2021, 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 March of 2021.

Inflation Rate in Germany is expected to be 1.40 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 1.30 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.60 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Germany Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.00 11.54 -7.62 1950 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-19 07:00 AM Inflation Rate YoY Final Dec -0.3% -0.3% -0.3% -0.3%
2021-01-28 01:00 PM Inflation Rate YoY Prel Jan 1% -0.3% 0.7% 0.4%
2021-02-10 07:00 AM Inflation Rate YoY Final Jan 1% -0.3% 1% 1%
2021-03-01 01:00 PM Inflation Rate YoY Prel Feb 1.3% 1% 1.2% 1%
2021-03-12 07:00 AM Inflation Rate YoY Final Feb 1% 1.3% 1.3%
2021-03-30 12:00 PM Inflation Rate YoY Prel Mar
2021-04-15 06:00 AM Inflation Rate YoY Final Mar
2021-04-29 12:00 PM Inflation Rate YoY Prel Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Germany Inflation Rate Hits 11-Month High
Germany's consumer price inflation rate is expected to pick up to 1.3 percent year-on-year in February 2021, the highest since March 2020 and slightly above market expectations of 1.2 percent, a preliminary estimate showed. Goods prices should advance at a faster pace (1.0 percent vs 0.6 percent in January), boosted by a rebound in energy cost (0.3 percent vs -2.3 percent) and a smaller increase in food prices (1.4 percent vs 2.2 percent). Meanwhile, services inflation is likely to remain steady at 1.4 percent with rent prices rising 1.3 percent, the same as in January. On a monthly basis, consumer prices are expected to climb 0.7 percent in February, compared with a 0.8 percent jump in January.
2021-03-01
Germany Inflation Rate Confirmed at 7-Month High
Annual inflation rate in Germany was confirmed at 1% in January of 2021, in line with preliminary estimates. It is the first increase in consumer prices in 7 months as higher VAT rates were passed on to the consumers after the temporary reduction in value added tax, which was a measure of the Federal Government's stimulus package, ended on December 31st, 2020. The reduced tax rate only continues to apply to restaurants and catering services. Also, the CO2 charge which was introduced at the beginning of the year also had an impact on the CPI. Food prices jumped 2.2%, namely meat (3.5%), fruit (3.2%) and vegetables (3.1%). Additional upward pressure also came from net rents exclusive of heating expenses (1.3%), prices for services of social facilities (6%) and maintenance and repair of vehicles (3.4%). In contrast, energy prices fell 2.3%, mainly heating oil (-13%) and motor fuels (-2.9%) and rail ticket prices were down 8.1%. Ona monthly basis, consumer prices jumped 0.8%.
2021-02-10
Germany Consumer Prices Rise for 1st Time in 7 Months
Consumer prices in Germany increased 1 percent year-on-year in January of 2021, the first rise in seven months and above market forecasts of 0.7 percent, preliminary estimates showed. The temporary reduction in the VAT rate aimed to revive the economy during the coronavirus crisis ended on December 31st. Higher CO2 prices and an increase in minimum wages from January also accounted for the CPI rise. On a monthly basis, inflation increased to 0.8 percent from 0.5 percent, above forecasts of 0.4 percent. The harmonized index went up 1.6 percent year-on-year and 1.4 percent month-over-month.
2021-01-28
German Consumer Prices Drop 0.3% in December
Consumer prices in Germany dropped 0.3 percent from a year earlier in December 2020, the same as in the previous month, which was the largest decline since January 2015. It was the fifth month of deflation in the last 12 months due to the temporary value added tax reduction in the second half of the year. Prices of goods went down 1.8 percent, mainly due to a 6 percent decline in energy cost on the back of lower prices for heating oil and motor fuels. Also, food inflation eased to 0.5 percent in December from 1.4 percent in November. At the same time, services inflation was steady at 1.1 percent, with rent prices increasing again by 1.2 percent. Considering 2020 full year, inflation rate averaged 0.5 percent, the lowest since 2009.
2021-01-19

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.