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

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. On a monthly basis, the consumer price index went up 0.5 percent, compared to a flat reading in April. 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 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.

Prices of goods rose 2.5 percent year-on-year in May, faster than a 1.6 percent advance in April, as cost of both energy and food rose at a faster pace. Prices also increased for newspapers and periodicals (4.6 percent), tobacco products (4.4 percent) and gardening products and consumer goods (3.7 percent). However, prices were down for some goods such as information processing equipment (-4.2 percent) and consumer electronics (-4.0 percent).

Energy prices jumped 5.1 percent, after a 1.3 percent rise in a month earlier. Prices increased mainly for: heating oil (24.3 percent); motor fuels (8.2 percent); electricity (1.5 percent); and charges for central and district heating (0.5 percent). In contrast, consumers paid less for both solid fuels (-1.5 percent) and gas (-1.1 percent).

Cost of food and non-alcoholic beverages rose 3.4 percent in May, following a 3.3 percent increase in April. Price increases were observed for all categories, especially edible fats and oils (16.5 percent), of which butter (32.3 percent); fruit (8.1 percent); and dairy products and eggs (5.5 percent).

Services inflation rose to 1.9 percent in May  from 1.5 percent in a month earlier, boosted by higher prices of: net rents exclusive of heating expenses (1.6 percent); package holiday (10.4 percent); maintenance and repair of vehicles (3.2 percent); and catering services in restaurants, cafes and the like (2.2 percent). Meantime, consumers enjoyed lower prices of air tickets (-2.3 percent), telecommunication services (-0.8 percent) and dental services (-0.3 percent).

On a monthly basis, the consumer price index went up 0.5 percent, compared to a flat reading in April. Prices increased for: energy (2.2 percent), particularly heating oil (7.6 percent) and motor fuels (4.8 percent); food (0.2 percent), especially edible fats and oils (3.2 percent), of which butter (6 percent), vegetables (1.9 percent); fruit (0.7 percent) and meat and meat products (0.5 percent). In contrast, prices fell for: dairy products (-2.2 percent); and confectionery (-0.3 percent).
  
The harmonised index of consumer prices rose 2.2 percent from the previous year, and by 0.6 percent month-on-month.


Destatis | Rida | rida@tradingeconomics.com
6/14/2018 9:43:43 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-16 06:00 AM Inflation Rate YoY Final 1.6% 1.6% 1.6% 1.6%
2018-05-30 12:00 PM Inflation Rate YoY Prel 2.2% 1.6% 2% 1.8%
2018-06-14 06:00 AM Inflation Rate YoY Final 2.2% 1.6% 2.2% 2.2%
2018-06-28 12:00 PM Inflation Rate YoY Prel 2.2% 1.9%
2018-07-12 06:00 AM Inflation Rate YoY Final 2.2%
2018-07-30 10:00 AM Inflation Rate YoY Prel 1.7%


Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 1.60 11.54 -7.62 percent [+]
Inflation Rate Mom 0.50 0.00 2.65 -2.73 percent [+]
Consumer Price Index CPI 111.20 110.70 111.20 20.50 Index Points [+]
Harmonised Consumer Prices 103.80 103.20 103.80 75.50 Index Points [+]
Core Consumer Prices 110.40 110.10 110.40 69.80 Index Points [+]
Core Inflation Rate 1.56 1.38 6.29 0.19 percent [+]
Producer Prices 107.30 106.80 107.70 26.50 Index Points [+]
Producer Prices Change 2.70 2.00 22.41 -7.79 percent [+]
Export Prices 106.90 106.70 106.90 38.00 Index Points [+]
Import Prices 102.90 102.30 110.00 41.10 Index Points [+]
Food Inflation 3.40 3.30 8.22 -3.09 percent [+]
CPI Housing Utilities 111.50 111.10 111.50 57.60 Index Points [+]
CPI Transportation 110.80 109.50 110.80 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.60 11.54 -7.62 1950 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.86 May/18
Canada 2.20 Apr/18
China 1.80 May/18
Euro Area 1.90 May/18
France 2.00 May/18
Germany 2.20 May/18
India 4.87 May/18
Indonesia 3.23 May/18
Italy 1.00 May/18
Japan 0.60 Apr/18
Mexico 4.51 May/18
Netherlands 1.70 May/18
Russia 2.40 May/18
South Korea 1.50 May/18
Spain 2.10 May/18
Switzerland 1.00 May/18
Turkey 12.15 May/18
United Kingdom 2.40 May/18
United States 2.80 May/18


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