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. 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 June of 2021.
Inflation Rate in Germany is expected to be 2.50 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 1.20 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.