Germany Inflation Rate  1950-2017 | Data | Chart | Calendar | Forecast

German consumer prices increased 1.7 percent year-on-year in June of 2017, matching the preliminary estimate and following a 1.6 percent gain in the previous month. It was the highest inflation rate since April, mainly due to a rise in energy prices. On a monthly basis, consumer prices increased by 0.4 percent, also in line with the flash estimate. Inflation Rate in Germany averaged 2.40 percent from 1950 until 2017, 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 July Inflation Rate Confirmed at 3-Month High


German consumer prices increased 1.7 percent year-on-year in June of 2017, matching the preliminary estimate and following a 1.6 percent gain in the previous month. It was the highest inflation rate since April, mainly due to a rise in energy prices.

Year-on-year, prices of goods rose 1.7 percent, faster than a 1.5 percent rise in June, as cost of energy went up significantly while food inflation was steady. Prices also rose for newspapers and periodicals, tobacco products and pharmaceutical products.

Energy prices were up 0.9 percent from a year earlier, after showing no growth in June. Prices increased for: Mineral oil products (2 percent), of which heating oil (5.4 percent) and motor fuels (1.3 percent); and electricity (1.9 percent). In contrast, gas prices were down by 3.2 percent. 

Food and non-alcoholic beverages was 2.6 percent, unchanged from the prior's month figure. Prices increased for: Edible fats and oils (29.2 percent), especially butter (64 percent); fish and fish products (3.2 percent); and meat and meat products (2.4 percent).

Cost of services went up 1.7 percent in July, the same pace as in June. Prices rose mainly for: net rents exclusive of heating expenses (1.8 percent); package holidays (4.3 percent); maintenance and repair of vehicles (3.2 percent) and catering services (2.0 percent). In contrast, cost of services of social facilities fell (−7.2 percent).

On a monthly basis, consumer prices increased by 0.4 percent, also in line with the flash estimate and following a 0.2 percent rise in June. Prices were up especially for package holidays (14.7 percent), of which international holidays (15.4 percent), domestic holidays (5.7 percent); and air tickets (7.4 percent). Cost of food also increased by 0.3 percent.

The harmonised index of consumer prices rose 1.5 percent from the previous year, the same as in a month earlier and matching a preliminary estimate. Compared to a month earlier, the index rose 0.4 percent.

Destatis l Rida Husna | rida@tradingeconomics.com
8/11/2017 11:21:44 AM


Recent Releases

German Inflation Rate Stronger Than Expected in July
German consumer prices are expected to increase by 1.7 percent year-on-year in July 2017, beating market consensus of 1.5 percent and following a 1.6 percent gain in the previous month. It was the highest inflation rate since April, mainly boosted by rising energy prices.
Published on 2017-07-28

German Inflation Rate Confirmed At 1.6% In June
German consumer prices rose 1.6 percent year-on-year in June of 2017, matching the preliminary estimate and following a 1.5 percent rise in the previous month. Prices increased at a faster pace for food and services while cost of energy showed no growth.
Published on 2017-07-13

German Inflation Rate Unexpectedly Rises To 1.6% In June
German consumer prices are expected to increase by 1.6 percent year-on-year in June 2017, following a 1.5 percent rise in the previous month and beating market consensus of a 1.4 percent gain. Cost of services rose at a faster pace while goods inflation slowed, as energy prices showed no growth from a year earlier.
Published on 2017-06-29

German Inflation Rate Confirmed At 6-Month Low In May
German consumer prices rose 1.5 percent year-on-year in May of 2017, easing from a 2.0 percent rise in April and matching preliminary estimates. It was the lowest inflation rate since November 2016, as cost of energy and services increased at a slower pace.
Published on 2017-06-14



Calendar GMT Actual Previous Consensus Forecast (i)
2017-07-13 06:00 AM Jun 1.6% 1.5% 1.6% 1.6%
2017-07-28 10:00 AM Jul 1.7% 1.6% 1.5% 1.5%
2017-08-11 06:00 AM Jul 1.7% 1.6% 1.7% 1.7%
2017-08-30 12:00 PM Aug 1.7% 1.80%
2017-09-13 06:00 AM Aug 1.7%
2017-09-28 12:00 PM Sep 1.70%


Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.60 11.54 -7.62 percent [+]
Inflation Rate Mom 0.40 0.20 2.65 -2.73 percent [+]
Consumer Price Index CPI 109.40 109.00 109.40 20.50 Index Points [+]
Harmonised Consumer Prices 102.20 101.80 102.20 75.50 Index Points [+]
Core Consumer Prices 109.50 109.00 109.50 69.80 Index Points [+]
Core Inflation Rate 1.67 1.58 6.29 0.19 percent [+]
Producer Prices 104.70 104.50 107.70 26.50 Index Points [+]
Producer Prices Change 2.30 2.40 22.41 -7.79 percent [+]
Export Prices 105.80 106.00 106.20 38.00 Index Points [+]
Import Prices 100.20 101.30 110.00 41.10 Index Points [+]
Food Inflation 2.60 2.60 8.22 -3.09 percent [+]
CPI Housing Utilities 109.50 109.30 109.50 57.60 Index Points [+]
CPI Transportation 107.10 107.00 109.50 57.30 Index Points [+]


Germany Inflation Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.60 11.54 -7.62 1950 - 2017 percent Monthly



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.20 Jul/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17