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

Germany's annual inflation rate was confirmed at 2.3 percent in September 2018 from 2 percent in the previous month and in line with market expectations. It is the highest inflation since November 2011 as prices of services, energy and food increased 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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Germany Inflation Rate Confirmed at Near 7-Year High


Germany's annual inflation rate increased to 2.3 percent in September 2018 from 2 percent in the previous month and in line with the preliminary estimate. It was the highest inflation rate since November 2011, as prices of services, energy and food increased at a faster pace.

Services inflation rose 1.5 percent in September from 1.4 percent in the prior month, with cost of net rents exclusive of heating expenses advancing by 1.5 percent, compared with 1.6 percent in August. Upward pressure came from: package holidays (3.1 percent); and maintenance and repair of vehicles (2.7 percent). Meantime, consumers paid less for pre-primary and primary education services (-11.4 percent); air tickets (-3.9 percent), and telecommunication services (-0.7 percent).

Also, prices of goods went up by 3.1 percent in September, following a 2.7 percent gain in August, boosted by prices of both energy (7.7 percent vs 6.9 percent) and food (2.8 percent vs 2.5 percent).

Cost of food and non-alcoholic beverages went up 2.8 percent, following a 2.4 percent increase in August. Price increases were observed for fruit (2.7 percent); dairy products and eggs (3.5 percent), and vegetables (12.3 percent).

Energy prices went up 7.7 percent, after a 6.9 percent rise in a month earlier. Prices increased mainly for: heating oil (35.6 percent); motor fuels (13.0 percent); electricity (0.9 percent); and charges for central and district heating (2.4 percent). In contrast, gas prices dropped 1.5 percent.

On a monthly basis, the consumer price index increased by 0.4 percent in September, after a 0.1 percent rise in a month earlier and matching earlier estimates. Prices of energy rose by 2.0 percent, especially due to mineral oil products (4.3 percent), of which heating oil (9.7 percent), and motor fuels (2.6 percent). More substantial price increases were observed for clothing (8.1 percent), especially because the autumn/winter collection has started to arrive. Also, prices of food rose 0.9 percent, especially for vegetables (7.8 percent). Meantime, price decreases were recorded for package holidays (-19.5 percent), and air ticket (-4.2 percent).

The harmonised index of consumer prices rose 2.2 percent from the previous year, and by 0.4 percent month-over-month.


Federal Statistical Office l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/12/2018 8:45:14 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 06:00 AM Inflation Rate YoY Final 2% 2% 2% 2%
2018-09-27 12:00 PM Inflation Rate YoY Prel 2.3% 2% 2% 1.9%
2018-10-12 06:00 AM Inflation Rate YoY Final 2.3% 2% 2.3% 2.3%
2018-10-30 01:00 PM Inflation Rate YoY Prel 2.3% 2.1%
2018-11-13 07:00 AM Inflation Rate YoY Final 2.3%
2018-11-29 01:00 PM Inflation Rate YoY Prel 1.9%


Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.00 11.54 -7.62 percent [+]
Inflation Rate Mom 0.40 0.10 2.65 -2.73 percent [+]
Consumer Price Index CPI 112.10 111.70 112.10 20.50 Index Points [+]
Harmonised Consumer Prices 104.70 104.30 104.70 75.50 Index Points [+]
Core Consumer Prices 111.10 111.00 111.10 69.80 Index Points [+]
Core Inflation Rate 1.46 1.28 6.29 0.19 percent [+]
Producer Prices 104.20 103.90 104.20 25.50 Index Points [+]
Producer Prices Change 3.10 2.90 22.40 -7.80 percent [+]
Export Prices 107.70 107.70 107.70 38.00 Index Points [+]
Import Prices 103.30 103.30 109.20 40.80 Index Points [+]
Food Inflation 2.80 2.40 8.22 -3.09 percent [+]
CPI Housing Utilities 112.40 111.90 112.40 57.60 Index Points [+]
CPI Transportation 112.90 112.00 112.90 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.00 11.54 -7.62 1950 - 2018 percent Monthly




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.80 Aug/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.30 Aug/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.70 Aug/18
United States 2.30 Sep/18


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