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.