Consumer prices in German fell 0.1 percent from a year earlier in July 2020, after a 0.9 percent rise in the previous month and matching preliminary estimates. This was the first month of deflation since April 2016, as goods prices dropped (-1.4 percent vs 0.2 percent in June), due to a faster fall in energy prices (-6.7 percent vs -6.2 percent) while food prices rose at a softer pace (1.2 percent vs 4.4 percent). Also, services inflation eased to 1.2 percent from 1.4 percent, led by growing rent prices (1.4 percent). The harmonised index of consumer prices were unchanged from a year earlier and by 0.5 percent fall from the previous month.
Inflation Rate in Germany averaged 2.35 percent from 1950 until 2020, 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 August of 2020. source: Federal Statistical Office
Inflation Rate in Germany is expected to be -0.20 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 1.40 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.30 percent in 2021 and 1.60 percent in 2022, according to our econometric models.