Germany’s annual inflation rate rose to 3.3% in September 2026, its highest level since December 2023 and above market expectations of 3.2%, according to preliminary estimates. The increase was driven by a renewed surge in energy inflation, which accelerated to 14.9%, its highest since February 2023, amid stalled US-Iran negotiations and higher crude oil prices. Food inflation also picked up to 0.4% from 0.1%, while services inflation eased to 2.7% from 2.8%. Core inflation, excluding energy and unprocessed food, held steady at 2.4%. The EU-harmonized inflation rate also rose more than expected to 3.3%, its highest since late 2023 and well above the ECB’s 2% target. source: Federal Statistical Office

Inflation Rate in Germany increased to 3.30 percent in September from 2.90 percent in August of 2026. Inflation Rate in Germany averaged 2.49 percent from 1950 until 2026, reaching an all time high of 11.70 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 October of 2026.

Inflation Rate in Germany increased to 3.30 percent in September from 2.90 percent in August of 2026. Inflation Rate in Germany is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Inflation Rate is projected to trend around 2.70 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-10 06:00 AM
Inflation Rate YoY Final
Aug 2.9% 2.8% 2.9% 2.9%
2026-09-30 12:00 PM
Inflation Rate YoY Prel
Sep 3.3% 2.9% 3.2% 3.1%
2026-10-13 06:00 AM
Inflation Rate YoY Final
Sep 2.9% 3.3% 3.3%



Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.90 2.60 percent Sep 2026
Bavaria CPI MoM 3.20 2.90 percent Sep 2026
Brandenburg CPI YoY 3.60 3.10 percent Sep 2026
Core Inflation Rate 2.40 2.40 percent Sep 2026
Energy Inflation 14.90 10.50 percent Sep 2026
Food Inflation 0.10 0.40 percent Aug 2026
Hesse CPI YoY 3.40 3.00 percent Sep 2026
North Rhine Westphalia CPI YoY 3.30 2.90 percent Sep 2026
PPI YoY 4.60 3.00 percent Aug 2026
Saxony CPI YoY 3.40 2.90 percent Sep 2026
Services Inflation 2.70 2.80 percent Sep 2026

Related Last Previous Unit Reference
CPI 125.80 125.60 points Aug 2026
Core Consumer Prices 121.70 121.60 points Aug 2026
CPI Clothing and Footwear 107.20 105.70 points Aug 2026
CPI Education 125.20 124.60 points Aug 2026
CPI Food and Non-Alcoholic Beverages 136.70 136.80 points Aug 2026
CPI Housing Utilities 119.60 119.30 points Aug 2026
CPI Recreation, Entertainment and Culture 122.40 122.20 points Aug 2026
CPI Restaurant and Accommodation Services 136.60 136.40 points Aug 2026
CPI Transportation 138.10 137.70 points Aug 2026
Export Prices 120.60 120.10 points Aug 2026
Harmonised Consumer Prices 103.93 103.36 points Sep 2026
Harmonised Inflation Rate MoM 0.60 0.20 percent Sep 2026
Harmonised Inflation Rate YoY 3.30 2.90 percent Sep 2026
Import Prices 119.70 118.50 points Aug 2026
Inflation Rate YoY 3.30 2.90 percent Sep 2026
Inflation Rate MoM 0.60 0.20 percent Sep 2026
PPI MoM 1.10 1.10 percent Aug 2026
Producer Prices 131.20 129.80 points Aug 2026
Wholesale Prices 124.90 123.80 points Aug 2026


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 of Alcoholic beverages & tobacco, Communication and Education.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 2.90 11.70 -7.62 1950 - 2026 percent Monthly

News Stream
German Inflation Hits Highest Level Since 2023
Germany’s annual inflation rate rose to 3.3% in September 2026, its highest level since December 2023 and above market expectations of 3.2%, according to preliminary estimates. The increase was driven by a renewed surge in energy inflation, which accelerated to 14.9%, its highest since February 2023, amid stalled US-Iran negotiations and higher crude oil prices. Food inflation also picked up to 0.4% from 0.1%, while services inflation eased to 2.7% from 2.8%. Core inflation, excluding energy and unprocessed food, held steady at 2.4%. The EU-harmonized inflation rate also rose more than expected to 3.3%, its highest since late 2023 and well above the ECB’s 2% target.
2026-09-30
German Inflation Rate Confirmed at 4-Month High
Germany's annual inflation rate accelerated to 2.9% in August 2026, confirming preliminary estimates, up from 2.8% in July. It was the highest reading since April, driven by a sharp rise in energy inflation to 10.5% from 8.3%, as renewed Middle East tensions pushed oil prices higher. This was the biggest increase in energy prices in over three years, with motor fuel surging 27.7% (23.0% in July), while heating oil jumped 49.6%. Meanwhile, services inflation slowed to 2.8% from 2.9%, while food inflation eased to 0.1% from 0.4%. Core inflation, which excludes energy and unprocessed food, was unchanged at 2.4%. On a monthly basis, consumer prices rose 0.2% in August, easing from a 0.8% gain in July. The EU-harmonized inflation rate also accelerated to 2.9%, its highest level in four months and well above the European Central Bank's 2.0% target.
2026-09-10
German Inflation Rises Amid Renewed Energy Pressures
Germany’s annual inflation rate edged up to 2.9% in August 2026, its highest level since April, but below market expectations of 3.0%, according to preliminary estimates. The increase was driven by a renewed surge in energy inflation, which accelerated to 10.5% from 8.3% in July following heightened US-Iran tensions and higher crude oil prices. Meanwhile, services inflation eased to 2.8% from 2.9%, while food inflation slowed to 0.1% from 0.4%. Core inflation, excluding energy and unprocessed food, was unchanged at 2.4%. The EU-harmonized inflation rate also rose to a four-month high of 2.9%, below forecasts of 3.1% but still well above the ECB’s 2.0% target.
2026-08-31