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.

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Germany Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.30 11.54 -7.62 1950 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-10 07:00 AM Inflation Rate YoY Final Jan 1% -0.3% 1% 1%
2021-03-01 01:00 PM Inflation Rate YoY Prel Feb 1.3% 1% 1.2% 1%
2021-03-12 07:00 AM Inflation Rate YoY Final Feb 1.3% 1% 1.3% 1.3%
2021-03-30 12:00 PM Inflation Rate YoY Prel Mar 1.7% 1.3% 1.7% 1.5%
2021-04-15 06:00 AM Inflation Rate YoY Final Mar 1.3% 1.7% 1.7%
2021-04-29 12:00 PM Inflation Rate YoY Prel Apr
2021-05-12 06:00 AM Inflation Rate YoY Final Apr
2021-05-31 12:00 PM Inflation Rate YoY Prel May


News Stream
Germany Inflation Rate Hits 13-Month High
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.
2021-03-30
Germany Inflation Rate Confirmed at Near 1-Year High
Annual inflation rate in Germany accelerated to 1.3% in February of 2021, the highest rate since March 2020 and in line with preliminary estimates. After the temporary VAT cut ended on December 31st 2020, the inflation rate reached its pre-coronavirus crisis level for the second month in a row. Prices of goods were up 1%, namely motor fuels (2.4%); natural gas (2.1%); and heating oil (1.1%). This was due not only to the CO2 charge introduced at the beginning of the year but also the price increase recorded on the crude oil market. Food prices rose by 1.4%, mainly due to confectionery and dairy products (+2.7% each). Marked price rises were also observed for tobacco (+3.9%) while notable decreases were recorded for mobile phones (-9.2%). Cost of services was up 1.4%, with main increases seen at net rents exclusive of heating expenses (1.3%), services of social facilities (+6.5%) and financial services (+6.2%).
2021-03-12
Germany Inflation Rate Hits 11-Month High
Germany's consumer price inflation rate is expected to pick up to 1.3 percent year-on-year in February 2021, the highest since March 2020 and slightly above market expectations of 1.2 percent, a preliminary estimate showed. Goods prices should advance at a faster pace (1.0 percent vs 0.6 percent in January), boosted by a rebound in energy cost (0.3 percent vs -2.3 percent) and a smaller increase in food prices (1.4 percent vs 2.2 percent). Meanwhile, services inflation is likely to remain steady at 1.4 percent with rent prices rising 1.3 percent, the same as in January. On a monthly basis, consumer prices are expected to climb 0.7 percent in February, compared with a 0.8 percent jump in January.
2021-03-01
Germany Inflation Rate Confirmed at 7-Month High
Annual inflation rate in Germany was confirmed at 1% in January of 2021, in line with preliminary estimates. It is the first increase in consumer prices in 7 months as higher VAT rates were passed on to the consumers after the temporary reduction in value added tax, which was a measure of the Federal Government's stimulus package, ended on December 31st, 2020. The reduced tax rate only continues to apply to restaurants and catering services. Also, the CO2 charge which was introduced at the beginning of the year also had an impact on the CPI. Food prices jumped 2.2%, namely meat (3.5%), fruit (3.2%) and vegetables (3.1%). Additional upward pressure also came from net rents exclusive of heating expenses (1.3%), prices for services of social facilities (6%) and maintenance and repair of vehicles (3.4%). In contrast, energy prices fell 2.3%, mainly heating oil (-13%) and motor fuels (-2.9%) and rail ticket prices were down 8.1%. Ona monthly basis, consumer prices jumped 0.8%.
2021-02-10

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 by Alcoholic beverages & tobacco, Communication and Education.