Annual inflation rate in Germany was confirmed at 2.3 percent in June of 2021, matching the preliminary estimate, and slowing from a decade high of 2.5% in May. Energy prices made one of the highest upward contributions (9.4 percent vs 10 percent in May) due to low base effects from last year. The CO2 charge introduced at the beginning of the year is also weighing. Excluding energy, inflation was 1.6 percent. Compared with the previous month, the CPI increased 0.4 percent, also matching the initial estimates and slowing from 0.5 percent in May. 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 July of 2021.

Inflation Rate in Germany is expected to be 2.80 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 1.40 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.70 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Germany Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.50 11.54 -7.62 1950 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 12:00 PM Inflation Rate YoY Prel May 2.5% 2% 2.3% 2.3%
2021-06-15 06:00 AM Inflation Rate YoY Final May 2.5% 2% 2.5% 2.5%
2021-06-29 12:00 PM Inflation Rate YoY Prel Jun 2.3% 2.5% 2.3% 2.3%
2021-07-13 06:00 AM Inflation Rate YoY Final Jun 2.3% 2.5% 2.3% 2.3%
2021-07-29 12:00 PM Inflation Rate YoY Prel Jul 2.3% 3.1%
2021-08-11 06:00 AM Inflation Rate YoY Final Jul 2.3%
2021-08-30 12:00 PM Inflation Rate YoY Prel Aug
2021-09-10 06:00 AM Inflation Rate YoY Final Aug


News Stream
Germany Inflation Rate Confirmed at 2.3%
Annual inflation rate in Germany was confirmed at 2.3 percent in June of 2021, matching the preliminary estimate, and slowing from a decade high of 2.5% in May. Energy prices made one of the highest upward contributions (9.4 percent vs 10 percent in May) due to low base effects from last year. The CO2 charge introduced at the beginning of the year is also weighing. Excluding energy, inflation was 1.6 percent. Compared with the previous month, the CPI increased 0.4 percent, also matching the initial estimates and slowing from 0.5 percent in May.
2021-07-13
German Inflation Rate Eases from Over Decade High
Germany's consumer price inflation rate is expected to ease to 2.3 percent year-on-year in June 2021, from a near 13-year high of 2.5 percent hit in the previous month and in line with market expectations. Still, inflation likely remained above the European Central Bank's target for a second straight month, mostly due to a low base year and a rebound in domestic demand as the economy continued its re-opening efforts. Goods inflation should remain unchanged at 3.1 percent, amid softer increases in both energy cost (9.4 percent vs 10.0 percent) and food prices (1.2 percent vs 1.5 percent). Meanwhile, services inflation is likely to slow to 1.6 percent from 2.2 percent. On a monthly basis, consumer prices are expected to advance 0.4 percent, also matching forecasts.
2021-06-29
German Inflation Rate Confirmed at 2.5%
Germany's consumer price inflation rate increased to 2.5 percent year-on-year in May 2021, in line with preliminary estimates and after a 2.0 percent rise in April. It was the highest inflation since September 2011, due to higher energy prices and the temporary reduction of the VAT rates ended. Goods prices advanced at a faster pace (3.1 percent vs 2.6 percent in April), boosted by a surge in energy cost (10 percent vs 7.9 percent) while food prices eased (1.5 percent vs 1.9 percent). Meanwhile, services inflation accelerated (2.2 percent vs 1.6 percent), with rent prices increasing 1.4 percent. On a monthly basis, consumer prices rose 0.5 percent in April, also matching early estimates.
2021-06-15
German Inflation Rate Hits Near 13-Year High in May
Germany's consumer price inflation rate is expected to pick up to 2.5 percent year-on-year in May 2021, the highest since September of 2008 and slightly above market expectations of 2.3 percent, a preliminary estimate showed. Higher energy prices and the removal of the temporary VAT reduction at the start of the year have seen inflationary forces pick up. Goods prices should advance at a faster pace (3.1 percent vs 2.6 percent in April), boosted by a jump in energy cost (10 percent vs 7.9 percent) while food prices are likely to slow down (1.5 percent vs 1.9 percent). Meantime services inflation is likely to quicken (2.2 percent vs 1.6 percent). On a monthly basis, consumer prices are expected to advance 0.5 percent, also above forecasts of a 0.3 percent rise.
2021-05-31

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.