Germany Inflation Rate  1950-2018 | Data | Chart | Calendar | Forecast

Germany’s annual inflation rate was confirmed at 2 percent in July 2018, slightly below the previous month's 2.1 percent. Food inflation eased while prices of services and energy rose at a faster pace. Inflation Rate in Germany averaged 2.39 percent from 1950 until 2018, 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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German July Inflation Rate Confirmed at 2%


Germany’s annual inflation rate was confirmed at 2 percent in July 2018, slightly below the previous month's 2.1 percent. Food inflation eased while prices of services and energy rose at a faster pace.

Prices of goods rose at a softer 2.4 percent in July, compared with 2.8 percent in the previous month, as food inflation slowed while energy prices rose further. Prices also increased for newspapers and periodicals (4.8 percent), beer (4.0 percent) and tobacco products (3.5 percent). However, prices were down for consumer electronics (-5.5 percent), information processing equipment (-4.2 percent), clothing (-2.0 percent).
 
Cost of food and non-alcoholic beverages rose 2.5 percent, following a 3.2 percent increase in June. Price increases were observed for all categories, especially edible fats and oils (6.4 percent), of which fruit (5.5 percent); dairy products and eggs (4.0 percent), and vegetables (3.1 percent).

Energy prices went up 6.6 percent, after a 6.4 percent rise in June. Prices increased mainly for: heating oil (28.5 percent); motor fuels (12.0 percent); electricity (1.0 percent); and charges for central and district heating (1.5 percent). In contrast, gas prices dropped 1.3 percent.
 
Services inflation picked up to 1.6 percent in July from 1.5 percent in June. Upward pressure came from: package holidays (4.2 percent); net rents exclusive of heating expenses (1.6 percent); maintenance and repair of vehicles (3.0 percent); and catering services in restaurants, cafes and the like (2.2 percent). Meantime, consumers paid less for air tickets (-6.9 percent).
 
On a monthly basis, the consumer price index increased by 0.3 percent in July, compared to a 0.1 percent rise in June and in line with earlier estimates. Marked seasonal price increases on the previous month were recorded for air tickets (4.4 percent), package holidays (19.3 percent)  Meantime, energy prices were down 0.1 percent, especially due to heating oil (-0.8 percent) and motor fuels (-0.2 percent). In addition, food prices fell 0.5 percent in July, as prices were down especially for fruit (-2.2 percent) and vegetables (-1.2 percent). Also, month-on-month price decreases were recorded for clothing (-6.9 percent) and footwear (-4.1 percent), sometimes as a result of first discounts given on spring and summer articles.
 
The harmonised index of consumer prices rose 2.1 percent from the previous year, and by 0.4 percent month-on-month.
 
 


Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/14/2018 11:31:46 AM


Recent Releases

German July Inflation Rate Weaker than Expected
Germany's annual inflation rate is expected to ease further to 2 percent in July 2018 from the previous month's 2.1 percent and slightly below market expectations of 2.1 percent. Food inflation is likely to slow while prices of services and energy are set to rise at a faster pace.
Published on 2018-07-30

German June Inflation Rate Confirmed at 2.1%
German consumer price inflation rate eased to 2.1 percent year-on-year in June of 2018 from a 15-month high of 2.2 percent in the previous month and matching the preliminary estimate. Services inflation slowed; while prices of goods increased faster, mainly due to energy.
Published on 2018-07-12

German Inflation Rate Slows to 2.1% as Expected
The German consumer price inflation is expected to ease to 2.1 percent year-on-year in June 2018 from a 15-month high of 2.2 percent in the previous month and in line with market expectations. Services inflation is likely to slow from the previous month while prices of goods are set to rise at a faster pace boosted by energy.
Published on 2018-06-28

German May Inflation Rate Confirmed at 15-Month High
German consumer price inflation rate stood at 2.2 percent year-on-year in May 2018, unchanged from the preliminary estimate and above the previous month's figure of 1.6 percent. It was the highest rate since February 2017, due to a jump in energy prices and a faster rise in cost of services and food.
Published on 2018-06-14



Calendar GMT Actual Previous Consensus TEForecast
2018-07-12 06:00 AM Inflation Rate YoY Final 2.1% 2.2% 2.1% 2.1%
2018-07-30 12:00 PM Inflation Rate YoY Prel 2% 2.1% 2.1% 2%
2018-08-14 06:00 AM Inflation Rate YoY Final 2% 2.1% 2% 2%
2018-08-30 12:00 PM Inflation Rate YoY Prel 2% 1.8%
2018-09-13 06:00 AM Inflation Rate YoY Final 2%
2018-09-27 12:00 PM Inflation Rate YoY Prel 1.8%


Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.10 11.54 -7.62 percent [+]
Inflation Rate Mom 0.30 0.10 2.65 -2.73 percent [+]
Consumer Price Index CPI 111.60 111.30 111.60 20.50 Index Points [+]
Harmonised Consumer Prices 104.30 103.90 104.30 75.50 Index Points [+]
Core Consumer Prices 111.00 110.50 111.00 69.80 Index Points [+]
Core Inflation Rate 1.37 1.38 6.29 0.19 percent [+]
Producer Prices 107.60 107.30 107.70 26.50 Index Points [+]
Producer Prices Change 3.00 2.70 22.41 -7.79 percent [+]
Export Prices 107.70 107.40 107.70 38.00 Index Points [+]
Import Prices 105.00 104.50 110.00 41.10 Index Points [+]
Food Inflation 2.50 3.20 8.22 -3.09 percent [+]
CPI Housing Utilities 111.70 111.60 111.70 57.60 Index Points [+]
CPI Transportation 111.70 111.40 111.70 57.30 Index Points [+]


Germany Inflation Rate

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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.10 11.54 -7.62 1950 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 2.50 Jun/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.50 Jul/18
United States 2.90 Jul/18


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