Germany's consumer price inflation rate increased to 2.0 percent year-on-year in April 2021, in line with preliminary estimates and after an 1.7 percent gain in March. It was the highest inflation since April 2019, as the temporary reduction of the VAT rates ended. Reduced VAT rates came into effect on July 1st 2020 for six months, as part of government measures to support the economy during the pandemic. Goods prices rose at a faster pace (2.6 percent vs 1.9 percent in March), boosted by a jump in energy cost (7.9 percent vs 4.8 percent) and a higher increase in food prices (1.9 percent vs 1.6 percent). Meanwhile, services inflation came at 1.6 percent, unchanged from the previous month, with rent prices increasing 1.3 percent. On a monthly basis, consumer prices were up 0.7 percent in April, also matching early estimates. 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 May of 2021.
Inflation Rate in Germany is expected to be 1.50 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 1.80 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.