Germany's consumer price inflation rate is expected to pick up to 1.7 percent year-on-year in March 2021, the highest since February 2020 and in line with market expectations, a preliminary estimate showed. Goods prices should advance at a faster pace (1.9 percent vs 1.0 percent in February), boosted by a jump in energy cost (4.8 percent vs 0.3 percent) and a larger increase in food prices (1.6 percent vs 1.4 percent). In addition, services inflation is likely to accelerate to 1.6 percent from 1.4 percent, adding to signs of a gradual recovery in domestic demand. On a monthly basis, consumer prices are expected to advance 0.5 percent in March, compared with a 0.7 percent climb in February. 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 April of 2021.
Inflation Rate in Germany is expected to be 1.70 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 1.60 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.