Germany's consumer price inflation rate increased to 2.5 percent year-on-year in May 2021, in line with preliminary estimates and after a 2.0 percent rise in April. It was the highest inflation since September 2011, due to higher energy prices and the temporary reduction of the VAT rates ended. Goods prices advanced at a faster pace (3.1 percent vs 2.6 percent in April), boosted by a surge in energy cost (10 percent vs 7.9 percent) while food prices eased (1.5 percent vs 1.9 percent). Meanwhile, services inflation accelerated (2.2 percent vs 1.6 percent), with rent prices increasing 1.4 percent. On a monthly basis, consumer prices rose 0.5 percent in April, also matching early estimates. source: Federal Statistical Office
Inflation Rate in Germany averaged 2.34 percent from 1950 until 2021, 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. 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 June of 2021.
Inflation Rate in Germany is expected to be 2.30 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 1.20 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.70 percent in 2022 and 2.00 percent in 2023, according to our econometric models.