Germany Inflation Rate  1950-2017 | Data | Chart | Calendar | Forecast

German consumer prices rose 2 percent year-on-year in April of 2017, following a 1.6 percent rise in March and matching a preliminary estimate. While cost of services went up at a faster pace, food inflation slowed. On a monthly basis, prices were flat, after gaining 0.2 percent in the prior month. Inflation Rate in Germany averaged 2.40 percent from 1950 until 2017, 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.

Germany Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-04-13 06:00 AM Mar 1.6% 2.2% 1.6% 1.6%
2017-04-27 12:00 PM Apr 2% 1.6% 1.9% 2%
2017-05-12 06:00 AM Apr 2% 1.6% 2% 2%
2017-05-30 12:00 PM May 2% 1.6% 1.8%
2017-06-14 06:00 AM May 2%
2017-06-29 12:00 PM Jun 2%




German Inflation Rate Confirmed At 2% In April


German consumer prices rose 2 percent year-on-year in April of 2017, following a 1.6 percent rise in March and matching a preliminary estimate. While cost of services went up at a faster pace, food inflation slowed.

Year-on-year, cost of goods as a whole rose 2.2 percent, following a 2.5 percent gain in the prior month, as cost of food rose less than in a month earlier while energy inflation was steady.

Energy prices as a whole increased by 5.1 percent in April, the same as in March. Prices went up for heating oil (30.1 percent), followed by motor fuels (10.6 percent) and electricity (1.1 percent). In contrast, cost fell for gas (-3.4  percent).  

Excluding the prices of all types of energy, the inflation rate would have been 1.7 percent in April; excluding the prices of mineral oil products, it would have been 1.4 percent.

Prices of food and non-alcoholic beverages rose 1.7 percent, after a 2.2 percent rise in a month earlier. Prices increased markedly for: edible fats and oils (15.8 percent, including butter: 34.2 percent), fish and fish products (3.8 percent), fruits (2.5 percent), meat and meat products (1.9 percent) and dairy products (5.0 percent). 

Cost of services went up 1.7 percent in March, faster than a 0.7 percent gain in the prior month. Prices rose mainly for: net rents exclusive of heating expenses (1.7 percent); catering services (1.8 percent) and insurance services (2.3 percent). In contrast, cost fell for services of social facilities (−6.6 percent).

On a monthly basis, consumer prices were flat, following a 0.2 percent rise in March. Prices of food declined 0.3 percent as cost fell for: vegetables (-2.6 percent), confectionery (-0.9 percent), fruits (-0.5 percent) and edible fats and oils (-0.3 percent). Meanwhile, the prices of energy were up 0.9 percent as cost rose for: heating oil (+2.9 percent) and motor fuels (+1.9 percent). Also, cost surged for: air passenger transport (+3.7 percent) and  tobacco products (2.1 percent). Consumers paid less, however, for coffee, tea and cocoa (-1.1 percent) and for gardens, plants and flowers (-0.8 percent).

The harmonised index of consumer prices rose 2 percent from the previous year, faster than a 1.5 percent rise in the previous month and in line with estimates. Compared to a month earlier, the index was flat.

Destatis l Rida Husna | rida@tradingeconomics.com
5/12/2017 12:30:05 PM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 1.60 11.54 -7.62 percent [+]
Inflation Rate Mom 0.00 0.20 2.65 -2.73 percent [+]
Consumer Price Index CPI 109.00 109.00 109.00 20.50 Index Points [+]
Harmonised Consumer Prices 101.80 101.80 101.80 75.50 Index Points [+]
Core Consumer Prices 108.60 108.70 108.80 69.80 Index Points [+]
Core Inflation Rate 1.12 1.97 6.29 0.19 percent [+]
Producer Prices 104.70 104.30 107.70 26.50 Index Points [+]
Producer Prices Change 3.40 3.10 22.41 -7.79 percent [+]
Export Prices 106.00 106.00 106.00 38.00 Index Points [+]
Import Prices 102.40 102.90 110.00 41.10 Index Points [+]
Food Inflation 1.70 2.20 8.22 -3.09 percent [+]
Cpi Housing Utilities 109.50 109.20 109.50 57.60 Index Points [+]
Cpi Transportation 107.90 107.20 109.50 57.30 Index Points [+]


Germany Inflation Rate Notes

In Germany, most important categories in the consumer price index are housing, water, electricity, gas and other fuels (31 percent of the total weight), transport (13 percent), recreation (12 percent) and food and non-alcoholic beverages (10 percent). The index also includes miscellaneous goods and services (7 percent), clothing and footwear (5 percent) and health (4 percent). The remaining 8 percent of the index is composed by: furnishing and household equipment, communications and accommodation and catering services. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.60 11.54 -7.62 1950 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.40 Apr/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17