German Inflation Rate Confirmed at 2.1%

2026-02-17 07:31 By Czyrill Jean Coloma 1 min. read

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.



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