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

Germany’s annual inflation rate was confirmed at 2 percent in August 2018, unchanged from the previous month. Prices of services and food rose at a softer pace while energy inflation went up further. 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 August Inflation Rate Confirmed at 2%


Germany’s annual inflation rate was confirmed at 2 percent in August 2018, unchanged from the previous month. Prices of services and food rose at a softer pace while energy inflation went up further.

Prices of goods rose by 2.7 percent in August, compared with a 2.4 percent rise in the previous month, as energy prices rose further while food inflation slowed slightly. Prices also increased for beers (5.1 percent), newspapers and periodicals (4.5 percent), and tobacco products (3.2 percent). However, prices were down for consumer electronics (-4.8 percent).
Cost of food and non-alcoholic beverages went up 2.4 percent, following a 2.5 percent increase in July. Price increases were observed for edible fats and oils (3 percent), fruit (4.7 percent); dairy products and eggs (4 percent), and vegetables (3.5 percent).
Energy prices went up 6.9 percent, after a 6.6 percent rise in a month earlier. Prices increased mainly for: heating oil (29.7 percent); motor fuels (12.4 percent); electricity (1.0 percent); and charges for central and district heating (2 percent). In contrast, gas prices dropped 1.5 percent.
Services inflation slowed to 1.4 percent from 1.6 percent in July. Upward pressure came from: package holidays (1.9 percent); net rents exclusive of heating expenses (1.6 percent); recreational and sporting services (2.9 percent); and maintenance and repair of vehicles (2.8 percent). Meantime, consumers paid less for pre-primary and primary education services (-13 percent); and air tickets (-6.2 percent).
On a monthly basis, the consumer price index increased by 0.1 percent in August, after a 0.3 percent rise in a month earlier and in line with earlier estimates. Prices of energy rose by 0.7 percent, especially due to heating oil (2.8 percent) and motor fuels (1.2 percent). More substantial price increases were observed for clothing (3.9 percent), especially because the autumn/winter collection has started to arrive. Meantime, price decreases were recorded for pre-primary and primary education services (-18.2 percent) and package holidays (-3.5 percent). Also, prices of food fell 0.3 percent, especially for vegetables (-1.9 percent) and edible fats and oils (-1.3 percent).

The harmonised index of consumer prices rose 1.9 percent from the previous year, and was unchanged month-on-month.


Destatis l Rida | rida@tradingeconomics.com
9/13/2018 9:25:11 AM


Recent Releases

German Inflation Rate Holds Steady at 2%
Germany's annual inflation rate is expected to remain unchanged at 2 percent in August 2018, in line with market expectations, as prices of services and food are set to rise at a softer pace while energy inflation is likely to pick up further.
Published on 2018-08-30

German July Inflation Rate Confirmed at 2%
Germany’s annual inflation rate was confirmed at 2 percent in July 2018, slightly below the previous month's 2.1 percent. Food inflation eased while prices of services and energy rose at a faster pace.
Published on 2018-08-14

German July Inflation Rate Weaker than Expected
Germany's annual inflation rate is expected to ease further to 2 percent in July 2018 from the previous month's 2.1 percent and slightly below market expectations of 2.1 percent. Food inflation is likely to slow while prices of services and energy are set to rise at a faster pace.
Published on 2018-07-30

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.
Published on 2018-07-12



Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 06:00 AM Inflation Rate YoY Final 2% 2.1% 2% 2%
2018-08-30 12:00 PM Inflation Rate YoY Prel 2% 2% 2% 2.1%
2018-09-13 06:00 AM Inflation Rate YoY Final 2% 2% 2% 2%
2018-09-27 12:00 PM Inflation Rate YoY Prel 2% 1.9%
2018-10-12 06:00 AM Inflation Rate YoY Final 2%
2018-10-30 01:00 PM Inflation Rate YoY Prel 1.8%


Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.00 11.54 -7.62 percent [+]
Inflation Rate Mom 0.10 0.30 2.65 -2.73 percent [+]
Consumer Price Index CPI 111.70 111.60 111.70 20.50 Index Points [+]
Harmonised Consumer Prices 104.30 104.30 104.30 75.50 Index Points [+]
Core Consumer Prices 111.00 111.00 111.00 69.80 Index Points [+]
Core Inflation Rate 1.28 1.37 6.29 0.19 percent [+]
Producer Prices 107.80 107.60 107.80 26.50 Index Points [+]
Producer Prices Change 3.00 3.00 22.41 -7.79 percent [+]
Export Prices 107.70 107.70 107.70 38.00 Index Points [+]
Import Prices 104.80 105.00 110.00 41.10 Index Points [+]
Food Inflation 2.40 2.50 8.22 -3.09 percent [+]
CPI Housing Utilities 111.90 111.70 111.90 57.60 Index Points [+]
CPI Transportation 112.00 111.70 112.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 11.54 -7.62 1950 - 2018 percent Monthly




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 3.00 Jul/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 0.90 Jul/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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