Germany Inflation Accelerates Beyond Estimates

2025-09-30 12:05 By Joana Taborda 1 min. read

Germany’s annual inflation rate rose for the second consecutive month to 2.4% in September 2025, up from 2.2% in August and slightly above forecasts of 2.3%, preliminary data showed.

It marked the highest rate so far this year.

Prices accelerated for both goods (1.4% vs. 1.3%) and services (3.4% vs. 3.1%).

Energy costs continued to fall but at a slower pace (-0.7% vs. -2.4%), while food inflation eased (2.1% vs. 2.5%).

Core inflation edged higher to 2.8% from 2.7%.

On a monthly basis, consumer prices increased 0.2%, following a 0.1% gain in August.

The EU-harmonised CPI also rose 2.4% year-on-year and 0.2% month-on-month.



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