Germany’s annual inflation rate eased to 1.9% in February 2026 from 2.1% in January, coming in slightly below market expectations of 2.0%, according to preliminary estimates. The harmonized index of consumer prices, closely monitored by the ECB, also edged down to 2.0% from 2.1%, leaving both measures broadly aligned with the central bank’s 2% target. Goods inflation slowed to 0.8% from 1.0%, as energy prices declined at a faster pace (-1.9% vs. -1.7%) and food inflation cooled markedly to 1.1% from 2.1%. Services inflation held steady at 3.2%, while core inflation, which excludes food and energy, remained unchanged at 2.5%. source: Federal Statistical Office

Inflation Rate in Germany decreased to 1.90 percent in February from 2.10 percent in January of 2026. Inflation Rate in Germany averaged 2.49 percent from 1950 until 2026, reaching an all time high of 11.70 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 March of 2026.

Inflation Rate in Germany decreased to 1.90 percent in February from 2.10 percent in January of 2026. Inflation Rate in Germany is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Inflation Rate is projected to trend around 2.10 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-17 07:00 AM
Inflation Rate YoY Final
Jan 2.1% 1.8% 2.1% 2.1%
2026-02-27 01:00 PM
Inflation Rate YoY Prel
Feb 1.9% 2.1% 2% 2.0%
2026-03-11 07:00 AM
Inflation Rate YoY Final
Feb 2.1% 1.9% 1.9%

Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 1.80 2.10 percent Feb 2026
Bavaria CPI MoM 1.90 2.10 percent Feb 2026
Brandenburg CPI YoY 2.00 2.20 percent Feb 2026
Core Inflation Rate 2.50 2.50 percent Feb 2026
Energy Inflation -1.90 -1.70 percent Feb 2026
Food Inflation 2.60 1.40 percent Jan 2026
Hesse CPI YoY 2.20 2.10 percent Feb 2026
North Rhine Westphalia CPI YoY 1.80 2.00 percent Feb 2026
PPI YoY -3.00 -2.50 percent Jan 2026
Saxony CPI YoY 2.30 2.30 percent Feb 2026
Services Inflation 3.20 3.20 percent Feb 2026

Related Last Previous Unit Reference
CPI 122.80 122.70 points Jan 2026
Core Consumer Prices 119.10 117.90 points Jan 2026
CPI Clothing and Footwear 106.50 111.50 points Jan 2026
CPI Education 123.80 122.10 points Jan 2026
CPI Food and Non-Alcoholic Beverages 137.70 136.50 points Jan 2026
CPI Housing Utilities 118.10 118.20 points Jan 2026
CPI Recreation, Entertainment and Culture 115.90 117.80 points Jan 2026
CPI Restaurant and Accommodation Services 133.00 132.90 points Jan 2026
CPI Transportation 129.00 128.50 points Jan 2026
Export Prices 115.50 115.60 points Dec 2025
Harmonised Consumer Prices 100.56 100.67 points Jan 2026
Harmonised Inflation Rate MoM 0.40 -0.10 percent Feb 2026
Harmonised Inflation Rate YoY 2.00 2.10 percent Feb 2026
Import Prices 111.30 111.40 points Dec 2025
Inflation Rate YoY 1.90 2.10 percent Feb 2026
Inflation Rate MoM 0.20 0.10 percent Feb 2026
PPI MoM -0.60 -0.20 percent Jan 2026
Producer Prices 124.40 125.10 points Jan 2026
Wholesale Prices 118.80 117.70 points Jan 2026


Germany Inflation Rate
In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed of Alcoholic beverages & tobacco, Communication and Education.
Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.10 11.70 -7.62 1950 - 2026 percent Monthly

News Stream
Germany Inflation Slows to 1.9% in February
Germany’s annual inflation rate eased to 1.9% in February 2026 from 2.1% in January, coming in slightly below market expectations of 2.0%, according to preliminary estimates. The harmonized index of consumer prices, closely monitored by the ECB, also edged down to 2.0% from 2.1%, leaving both measures broadly aligned with the central bank’s 2% target. Goods inflation slowed to 0.8% from 1.0%, as energy prices declined at a faster pace (-1.9% vs. -1.7%) and food inflation cooled markedly to 1.1% from 2.1%. Services inflation held steady at 3.2%, while core inflation, which excludes food and energy, remained unchanged at 2.5%.
2026-02-27
German Inflation Rate Confirmed at 2.1%
Germany’s annual inflation rate rose to 2.1% in January 2026 from 1.8% in December, confirming preliminary estimates. The latest reading moved slightly above the European Central Bank’s 2% target midpoint, mainly driven by higher costs for consumer goods (1.3% vs 0.8%), led by food (1%), and a rebound in durable goods (0.4% vs -0.3%). In contrast, services inflation moderated to 3.2% from 3.5% in December, although it remained at an above-average rate. Prices for services provided by social institutions (7.1%) increased particularly sharply, alongside combined passenger transport (6.2%), partly due to a price increase for the Deutschlandticket (Germany Ticket) from EUR 58 to EUR 63. On a monthly basis, consumer prices edged up 0.1% after stagnating in December. The core inflation rate, which excludes food and energy, ticked up to 2.5% from 2.4%. Meanwhile, the EU-harmonized CPI also increased slightly to 2.1% from 2.0%, confirming earlier estimates.
2026-02-17
German Inflation Rises in January as Food Prices Jump
Germany’s annual inflation rate rose to 2.1% in January 2026, up from December’s 15-month low of 1.8% and slightly above market expectations of 2.0%, according to a preliminary estimate. The harmonized index of consumer prices (HICP), the measure closely watched by the ECB, also increased to 2.1%, leaving both readings near the central bank’s 2% target. Goods inflation accelerated to 1.0% from 0.4%, largely reflecting a sharp rise in food prices (2.1% vs 0.8%). This came despite a deeper decline in energy costs (-1.7% vs -1.3%). Meanwhile, services inflation eased to 3.2% from 3.5%, offering some relief on underlying price pressures. Core inflation, which strips out food and energy, ticked up to 2.5% from 2.4%, after hitting its lowest level in more than four years in December.
2026-01-30