Germany’s annual inflation rate rose 2.6% in May 2026, easing from a two-year high of 2.9% in the previous month and confirming preliminary estimates. Price growth moderated across several categories, including food and non-alcoholic beverages (0.7% vs. 1.5% in April), alcoholic beverages and tobacco (3.8% vs. 4.3%), housing and utilities (1.4% vs. 1.6%), and restaurants and hotels (2.7% vs. 3.4%). In contrast, energy prices remained elevated, rising 6.6% amid the US-Iran war, although the increase eased from 10.1% in the previous month due to the temporary reduction of the energy tax on gasoline and diesel. Additionally, inflation accelerated in health (2.3% vs. 2.0%) and recreation and culture (2.1% vs. 1.1%). On a monthly basis, consumer prices fell 0.2% in May, following a 0.6% increase in the previous month, in line with preliminary estimates. Meanwhile, the annual HICP edged down to 2.7% from 2.9% in April, remaining well above the European Central Bank’s 2% target. source: Federal Statistical Office

Inflation Rate in Germany decreased to 2.60 percent in May from 2.90 percent in April of 2026. Inflation Rate in Germany averaged 2.49 percent from 1950 until 2026, reaching an all time high of 11.70 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 2026.

Inflation Rate in Germany decreased to 2.60 percent in May from 2.90 percent in April of 2026. Inflation Rate in Germany is expected to be 2.90 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 2.40 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-29 12:00 PM
Inflation Rate YoY Prel
May 2.6% 2.9% 2.9% 3.1%
2026-06-12 06:00 AM
Inflation Rate YoY Final
May 2.6% 2.9% 2.6% 2.6%
2026-06-30 12:00 PM
Inflation Rate YoY Prel
Jun 2.6% 2.9%



Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.40 2.60 percent May 2026
Bavaria CPI MoM 2.60 2.90 percent May 2026
Brandenburg CPI YoY 2.80 2.90 percent May 2026
Core Inflation Rate 2.50 2.30 percent May 2026
Energy Inflation 6.60 10.10 percent May 2026
Food Inflation 0.70 1.50 percent May 2026
Hesse CPI YoY 2.60 2.80 percent May 2026
North Rhine Westphalia CPI YoY 2.40 2.70 percent May 2026
PPI YoY 1.70 -0.20 percent Apr 2026
Saxony CPI YoY 2.80 2.90 percent May 2026
Services Inflation 3.10 2.80 percent May 2026

Related Last Previous Unit Reference
CPI 125.00 125.20 points May 2026
Core Consumer Prices 121.00 120.60 points May 2026
CPI Clothing and Footwear 112.30 112.70 points May 2026
CPI Education 124.40 124.40 points May 2026
CPI Food and Non-Alcoholic Beverages 137.50 138.60 points May 2026
CPI Housing Utilities 119.00 119.10 points May 2026
CPI Recreation, Entertainment and Culture 119.50 117.90 points May 2026
CPI Restaurant and Accommodation Services 135.80 135.10 points May 2026
CPI Transportation 135.00 137.40 points May 2026
Export Prices 118.90 117.90 points Apr 2026
Harmonised Consumer Prices 102.55 102.67 points May 2026
Harmonised Inflation Rate MoM -0.10 0.50 percent May 2026
Harmonised Inflation Rate YoY 2.70 2.90 percent May 2026
Import Prices 118.30 116.90 points Apr 2026
Inflation Rate YoY 2.60 2.90 percent May 2026
Inflation Rate MoM -0.20 0.60 percent May 2026
PPI MoM 1.20 2.50 percent Apr 2026
Producer Prices 128.40 126.90 points Apr 2026
Wholesale Prices 124.30 125.10 points May 2026


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 of Alcoholic beverages & tobacco, Communication and Education.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.90 11.70 -7.62 1950 - 2026 percent Monthly

News Stream
Germany Inflation Confirmed at 2.6% in May
Germany’s annual inflation rate rose 2.6% in May 2026, easing from a two-year high of 2.9% in the previous month and confirming preliminary estimates. Price growth moderated across several categories, including food and non-alcoholic beverages (0.7% vs. 1.5% in April), alcoholic beverages and tobacco (3.8% vs. 4.3%), housing and utilities (1.4% vs. 1.6%), and restaurants and hotels (2.7% vs. 3.4%). In contrast, energy prices remained elevated, rising 6.6% amid the US-Iran war, although the increase eased from 10.1% in the previous month due to the temporary reduction of the energy tax on gasoline and diesel. Additionally, inflation accelerated in health (2.3% vs. 2.0%) and recreation and culture (2.1% vs. 1.1%). On a monthly basis, consumer prices fell 0.2% in May, following a 0.6% increase in the previous month, in line with preliminary estimates. Meanwhile, the annual HICP edged down to 2.7% from 2.9% in April, remaining well above the European Central Bank’s 2% target.
2026-06-12
Germany’s Inflation Eases to 2.6% in May
Germany’s consumer price inflation slowed to 2.6% year-over-year in May 2026, down from an over two-year high of 2.9% in April and slightly below market expectations, according to preliminary data. Despite the decline, inflation remains above the ECB’s 2% target. Goods inflation fell to 2.2% from 2.9%, driven by easing energy (6.6% vs. 10.1%) and food (0.4% vs. 1.2%) price pressures. However, services inflation accelerated to 3.1%, rebounding from a three-and-a-half-year low of 2.8% in April. Core inflation, excluding food and energy, rose to 2.5%, up from a five-year low. Meanwhile, the EU-harmonized annual inflation rate also eased to 2.7% from 2.9%.
2026-05-29
Germany April Inflation Confirmed at 2.9%
Germany’s annual inflation rate accelerated to 2.9% in April 2026, confirming preliminary estimates and rising from 2.7% in March, marking the highest reading since January 2024. The increase was largely driven by another sharp rise in energy prices, which surged 10.1% amid higher crude oil prices linked to the ongoing Iran war. Motor fuel costs jumped 26.2%, while heating oil prices soared 55.1%. Food inflation also picked up to 1.2% from 0.9%, while goods inflation accelerated to 2.9% from 2.3%. In contrast, services inflation eased to 2.8% from 3.2%. Core inflation, which excludes food and energy, held steady at 2.3%. On a monthly basis, consumer prices rose 0.6% in April, matching preliminary estimates, as energy prices increased 2.1%. Meanwhile, the annual HICP inflation rate edged up to 2.9% from 2.8% in March, also reaching its highest level since January 2024, and well above the European Central Bank’s 2% target.
2026-05-12