Germany's annual inflation rate is expected to ease further to 1.4 percent in January 2019 from 1.7 percent in the previous month and below market expectations of 1.6 percent. This would be the lowest inflation rate since February. Inflation Rate in Germany averaged 2.38 percent from 1950 until 2019, 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.

Inflation Rate in Germany is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Germany to stand at 1.80 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Germany Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-13 07:00 AM Inflation Rate YoY Final 2.3% 2.5% 2.3% 2.3%
2018-12-28 01:00 PM Inflation Rate YoY Prel 1.7% 2.3% 1.9% 2.1%
2019-01-16 07:00 AM Inflation Rate YoY Final 1.7% 2.3% 1.7% 1.7%
2019-01-30 01:00 PM Inflation Rate YoY Prel 1.4% 1.7% 1.6% 1.6%
2019-02-21 07:00 AM Inflation Rate YoY Final 1.7% 1.4% 1.4%
2019-02-28 01:00 PM Inflation Rate YoY Prel 1.8%
2019-03-14 07:00 AM Inflation Rate YoY Final



German Inflation Rate Drops to 11-Month Low

Germany's annual inflation rate is expected to ease further to 1.4 percent in January 2019 from 1.7 percent in the previous month and below market expectations of 1.6 percent. This would be the lowest inflation rate since February.

The German statistical office, Destatis, failed to give any further details about January's CPI figures and will publish its final results with a new base year on February 21st.

On a monthly basis, consumer prices are set to fall 0.8 percent in January, following a 0.1 percent gain in December and compared to market consensus of a 0.9 percent decline.

The harmonised index of consumer prices is expected to rise by 1.7 percent from the previous year; and to drop by 1 percent month-over-month.


Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/30/2019 1:14:35 PM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.70 11.54 -7.62 percent [+]
Inflation Rate Mom -0.80 0.10 2.65 -2.73 percent [+]
Consumer Price Index CPI 112.50 112.40 112.50 20.50 Index Points [+]
Harmonised Consumer Prices 105.20 104.90 105.20 75.50 Index Points [+]
Core Consumer Prices 111.90 111.20 111.90 69.80 Index Points [+]
Core Inflation Rate 2.66 1.55 6.29 0.19 percent [+]
Producer Prices 104.70 105.10 105.10 25.50 Index Points [+]
Producer Prices Change 2.70 3.30 22.40 -7.80 percent [+]
Export Prices 102.10 102.20 102.60 36.20 Index Points [+]
Import Prices 102.40 103.70 109.20 40.80 Index Points [+]
Food Inflation 1.00 1.40 8.22 -3.09 percent [+]
CPI Housing Utilities 112.50 113.20 113.20 57.60 Index Points [+]
CPI Transportation 112.40 114.20 114.20 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.70 11.54 -7.62 1950 - 2019 percent Monthly




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


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