Annual inflation rate in Germany slowed more than expected to 7.6% in June of 2022 from 7.9% in May which was the highest reading since German reunification, preliminary estimates showed. Figures compare with market forecasts of 8%, as government measures introduced from June 1st to dampen high fuel prices, including tax cuts on gasoline and diesel started to take effect. Energy prices increased 38%, slightly less than 38.3% in May while cost of food rose at a faster 12.7% vs 11.1% in the previous month. On a month-over-month basis, consumer prices edged up 0.1%, the lowest in seven months. EU harmonised rates also slowed, with the annual one falling to 8.2% from 8.7% and the monthly one falling to -0.1%, the first decline in the CPI since November of 2020. June figures for Germany raised hopes that inflation had finally peaked and would soon start slowing across Euro Area countries. source: Federal Statistical Office
Inflation Rate in Germany averaged 2.38 percent from 1950 until 2022, 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 2022.
Inflation Rate in Germany is expected to be 7.90 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 2.10 percent in 2023 and 1.90 percent in 2024, according to our econometric models.