Germany's annual inflation rate accelerated to 2.8% in July 2026, confirming preliminary estimates, up from 2.3% in June. It was the highest reading since April, driven by a sharp rise in energy inflation to 8.3% from 3.4%, as renewed Middle East tensions pushed oil prices higher. Motor fuel costs accelerated sharply (23.0% vs 11.3% in June), due to the renewed price increase following the discontinuation of the temporary reduction in energy tax on motor fuels on June 30, 2026. Meanwhile, services inflation eased to 2.9% from 3.1%, while food inflation remained unchanged at 0.4%. Core inflation, which excludes energy and unprocessed food, inched down to 2.4% from 2.5%. On a monthly basis, consumer prices rose 0.8% in July, rebounding from a 0.3% fall in June and marking the fastest increase since March. The EU-harmonized inflation rate also accelerated to 2.8%, its highest level in three months and well above the European Central Bank's 2.0%. source: Federal Statistical Office

Inflation Rate in Germany increased to 2.80 percent in July from 2.30 percent in June 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 August of 2026.

Inflation Rate in Germany increased to 2.80 percent in July from 2.30 percent in June of 2026. Inflation Rate in Germany is expected to be 2.70 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 2.30 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-30 12:00 PM
Inflation Rate YoY Prel
Jul 2.8% 2.3% 2.7% 2.6%
2026-08-12 06:00 AM
Inflation Rate YoY Final
Jul 2.8% 2.3% 2.8% 2.8%
2026-08-31 12:00 PM
Inflation Rate YoY Prel
Aug 2.8% 2.9%



Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.50 2.10 percent Jul 2026
Bavaria CPI MoM 2.80 2.50 percent Jul 2026
Brandenburg CPI YoY 2.70 2.40 percent Jul 2026
Core Inflation Rate 2.40 2.50 percent Jul 2026
Energy Inflation 8.30 3.40 percent Jul 2026
Food Inflation 0.40 0.60 percent Jul 2026
Hesse CPI YoY 2.70 2.30 percent Jul 2026
North Rhine Westphalia CPI YoY 2.70 2.10 percent Jul 2026
PPI YoY 1.80 2.20 percent Jun 2026
Saxony CPI YoY 2.80 2.30 percent Jul 2026
Services Inflation 2.90 3.10 percent Jul 2026

Related Last Previous Unit Reference
CPI 125.60 124.60 points Jul 2026
Core Consumer Prices 121.60 121.20 points Jul 2026
CPI Clothing and Footwear 105.70 110.90 points Jul 2026
CPI Education 124.60 124.50 points Jul 2026
CPI Food and Non-Alcoholic Beverages 136.80 136.70 points Jul 2026
CPI Housing Utilities 119.30 118.90 points Jul 2026
CPI Recreation, Entertainment and Culture 122.20 120.30 points Jul 2026
CPI Restaurant and Accommodation Services 136.40 136.30 points Jul 2026
CPI Transportation 137.70 133.30 points Jul 2026
Export Prices 119.60 119.50 points Jun 2026
Harmonised Consumer Prices 103.20 102.32 points Jul 2026
Harmonised Inflation Rate MoM 0.90 -0.20 percent Jul 2026
Harmonised Inflation Rate YoY 2.80 2.40 percent Jul 2026
Import Prices 118.30 119.10 points Jun 2026
Inflation Rate YoY 2.80 2.30 percent Jul 2026
Inflation Rate MoM 0.80 -0.30 percent Jul 2026
PPI MoM -0.30 0.30 percent Jun 2026
Producer Prices 128.40 128.80 points Jun 2026
Wholesale Prices 123.80 123.50 points Jul 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
2.80 2.30 11.70 -7.62 1950 - 2026 percent Monthly

News Stream
German July Inflation Confirmed at 3-Month High of 2.8%
Germany's annual inflation rate accelerated to 2.8% in July 2026, confirming preliminary estimates, up from 2.3% in June. It was the highest reading since April, driven by a sharp rise in energy inflation to 8.3% from 3.4%, as renewed Middle East tensions pushed oil prices higher. Motor fuel costs accelerated sharply (23.0% vs 11.3% in June), due to the renewed price increase following the discontinuation of the temporary reduction in energy tax on motor fuels on June 30, 2026. Meanwhile, services inflation eased to 2.9% from 3.1%, while food inflation remained unchanged at 0.4%. Core inflation, which excludes energy and unprocessed food, inched down to 2.4% from 2.5%. On a monthly basis, consumer prices rose 0.8% in July, rebounding from a 0.3% fall in June and marking the fastest increase since March. The EU-harmonized inflation rate also accelerated to 2.8%, its highest level in three months and well above the European Central Bank's 2.0%
2026-08-12
German Inflation Accelerates to Three-Month High
Germany's annual inflation rate accelerated to 2.8% in July 2026 from 2.3% in June, exceeding market expectations of 2.7%, according to preliminary estimates. It was the highest reading since April, driven by a sharp pickup in energy inflation to 8.3% from 3.4% as renewed Middle East tensions pushed oil prices higher. Meanwhile, services inflation eased to 2.9% from 3.1%, while food inflation remained unchanged at 0.4%. Core inflation, which excludes energy and unprocessed food, edged down to 2.4% from 2.5%. The EU-harmonized inflation rate also rose to 2.8%, its highest level in three months and well above the European Central Bank's 2.0% target.
2026-07-30
German Inflation Confirmed at 4-Month Low of 2.6% in May
Germany’s annual inflation rate slowed to 2.3% in June 2026, confirming preliminary estimates and down from 2.6% in May. It was the lowest rate since February, as goods inflation fell to 1.7% from 2.2%, driven by easing energy price pressures (3.4% vs 6.6%), with motor fuel costs (11.3% vs 18.0% in May) and heating oil prices (29.4% vs 47.9%) both rising at a slower pace. Food inflation remained steady at 0.4%, with sugar, jam, honey and other confectionery rising 4.8%, fish, fish products and seafood gaining 3.3%, and meat and meat products increasing 2.4%, offset by declines in edible fats and oils (-14.7%) and dairy products (-6.2%). Services inflation also remained steady at 3.1%, while core inflation, which excludes food and energy, held at 2.5%. On a monthly basis, CPI fell 0.3% in June, matching preliminary estimates, following a 0.2% decline in May. The EU-harmonized annual inflation rate also slowed to 2.4% from 2.7%, though it remained slightly above the ECB's 2% target.
2026-07-10