Germany’s annual inflation rate slowed to 2.3% in June 2026, confirming preliminary estimates and down from 2.6% in May. It was the lowest rate since February, as goods inflation fell to 1.7% from 2.2%, driven by easing energy price pressures (3.4% vs 6.6%), with motor fuel costs (11.3% vs 18.0% in May) and heating oil prices (29.4% vs 47.9%) both rising at a slower pace. Food inflation remained steady at 0.4%, with sugar, jam, honey and other confectionery rising 4.8%, fish, fish products and seafood gaining 3.3%, and meat and meat products increasing 2.4%, offset by declines in edible fats and oils (-14.7%) and dairy products (-6.2%). Services inflation also remained steady at 3.1%, while core inflation, which excludes food and energy, held at 2.5%. On a monthly basis, CPI fell 0.3% in June, matching preliminary estimates, following a 0.2% decline in May. The EU-harmonized annual inflation rate also slowed to 2.4% from 2.7%, though it remained slightly above the ECB's 2% target. source: Federal Statistical Office

Inflation Rate in Germany decreased to 2.30 percent in June from 2.60 percent in May 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 July of 2026.

Inflation Rate in Germany decreased to 2.30 percent in June from 2.60 percent in May of 2026. Inflation Rate in Germany is expected to be 2.60 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 2.30 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-30 12:00 PM
Inflation Rate YoY Prel
Jun 2.3% 2.6% 2.6% 2.7%
2026-07-10 06:00 AM
Inflation Rate YoY Final
Jun 2.3% 2.6% 2.3% 2.3%
2026-07-30 12:00 PM
Inflation Rate YoY Prel
Jul 2.3% 2.3%



Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.10 2.40 percent Jun 2026
Bavaria CPI MoM 2.50 2.60 percent Jun 2026
Brandenburg CPI YoY 2.40 2.80 percent Jun 2026
Core Inflation Rate 2.50 2.50 percent Jun 2026
Energy Inflation 3.40 6.60 percent Jun 2026
Food Inflation 0.60 0.70 percent Jun 2026
Hesse CPI YoY 2.30 2.60 percent Jun 2026
North Rhine Westphalia CPI YoY 2.10 2.40 percent Jun 2026
PPI YoY 2.20 1.70 percent May 2026
Saxony CPI YoY 2.30 2.80 percent Jun 2026
Services Inflation 3.10 3.10 percent Jun 2026

Related Last Previous Unit Reference
CPI 124.60 125.00 points Jun 2026
Core Consumer Prices 121.20 121.00 points Jun 2026
CPI Clothing and Footwear 110.90 112.30 points Jun 2026
CPI Education 124.50 124.40 points Jun 2026
CPI Food and Non-Alcoholic Beverages 136.70 137.50 points Jun 2026
CPI Housing Utilities 118.90 119.00 points Jun 2026
CPI Recreation, Entertainment and Culture 120.30 119.50 points Jun 2026
CPI Restaurant and Accommodation Services 136.30 135.80 points Jun 2026
CPI Transportation 133.30 135.00 points Jun 2026
Export Prices 119.50 118.90 points May 2026
Harmonised Consumer Prices 102.32 102.54 points Jun 2026
Harmonised Inflation Rate MoM -0.20 -0.10 percent Jun 2026
Harmonised Inflation Rate YoY 2.40 2.70 percent Jun 2026
Import Prices 119.10 118.30 points May 2026
Inflation Rate YoY 2.30 2.60 percent Jun 2026
Inflation Rate MoM -0.30 -0.20 percent Jun 2026
PPI MoM 0.30 1.20 percent May 2026
Producer Prices 128.80 128.40 points May 2026
Wholesale Prices 123.50 124.40 points Jun 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
2.30 2.60 11.70 -7.62 1950 - 2026 percent Monthly

News Stream
German Inflation Confirmed at 4-Month Low of 2.6% in May
Germany’s annual inflation rate slowed to 2.3% in June 2026, confirming preliminary estimates and down from 2.6% in May. It was the lowest rate since February, as goods inflation fell to 1.7% from 2.2%, driven by easing energy price pressures (3.4% vs 6.6%), with motor fuel costs (11.3% vs 18.0% in May) and heating oil prices (29.4% vs 47.9%) both rising at a slower pace. Food inflation remained steady at 0.4%, with sugar, jam, honey and other confectionery rising 4.8%, fish, fish products and seafood gaining 3.3%, and meat and meat products increasing 2.4%, offset by declines in edible fats and oils (-14.7%) and dairy products (-6.2%). Services inflation also remained steady at 3.1%, while core inflation, which excludes food and energy, held at 2.5%. On a monthly basis, CPI fell 0.3% in June, matching preliminary estimates, following a 0.2% decline in May. The EU-harmonized annual inflation rate also slowed to 2.4% from 2.7%, though it remained slightly above the ECB's 2% target.
2026-07-10
German Inflation Unexpectedly Slows in June
Germany’s consumer price inflation eased to 2.3% year-over-year in June 2026, down from 2.6% in May and slightly below market expectations of 2.6%, according to preliminary data. This is the lowest rate since February, prior to the Iran war disrupting energy supplies and driving oil prices higher. Goods inflation fell to 1.7% from 2.2%, driven by easing energy price pressures (3.4% vs. 6.6%). Food inflation and services inflation remained steady at 0.4% and 3.1%, respectively, while core inflation, excluding food and energy, held at 2.5%. The EU-harmonized annual inflation rate also slowed to 2.4% from 2.7%, below expectations of 2.6% but still slightly above the ECB’s 2% target.
2026-06-30
Germany Inflation Confirmed at 2.6% in May
Germany’s annual inflation rate rose 2.6% in May 2026, easing from a two-year high of 2.9% in the previous month and confirming preliminary estimates. Price growth moderated across several categories, including food and non-alcoholic beverages (0.7% vs. 1.5% in April), alcoholic beverages and tobacco (3.8% vs. 4.3%), housing and utilities (1.4% vs. 1.6%), and restaurants and hotels (2.7% vs. 3.4%). In contrast, energy prices remained elevated, rising 6.6% amid the US-Iran war, although the increase eased from 10.1% in the previous month due to the temporary reduction of the energy tax on gasoline and diesel. Additionally, inflation accelerated in health (2.3% vs. 2.0%) and recreation and culture (2.1% vs. 1.1%). On a monthly basis, consumer prices fell 0.2% in May, following a 0.6% increase in the previous month, in line with preliminary estimates. Meanwhile, the annual HICP edged down to 2.7% from 2.9% in April, remaining well above the European Central Bank’s 2% target.
2026-06-12