Germany’s inflation rate climbed to 2.7% year-over-year in March 2026, up from 1.9% in February and matching market forecasts, according to a preliminary estimate. This marks the highest level since January 2024, driven by a 7.2% spike in energy prices, the first yearly increase since December 2023, amid the ongoing Middle East conflict. Services inflation held steady at 3.2%, while core inflation, which excludes food and energy, remained at 2.5%, and food inflation eased to 0.9% from 1.1%. The harmonized CPI, closely watched by the ECB, also rose to a 14-month high of 2.8%, keeping both measures above the ECB’s 2% target. source: Federal Statistical Office

Inflation Rate in Germany increased to 2.70 percent in March from 1.90 percent in February 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 April of 2026.

Inflation Rate in Germany increased to 2.70 percent in March from 1.90 percent in February of 2026. Inflation Rate in Germany is expected to be 3.10 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 2.70 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-11 07:00 AM
Inflation Rate YoY Final
Feb 1.9% 2.1% 1.9% 1.9%
2026-03-30 12:00 PM
Inflation Rate YoY Prel
Mar 2.7% 1.9% 2.7% 2.6%
2026-04-10 06:00 AM
Inflation Rate YoY Final
Mar 1.9% 2.7% 2.7%

Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.50 1.80 percent Mar 2026
Bavaria CPI MoM 2.80 1.90 percent Mar 2026
Brandenburg CPI YoY 2.80 2.00 percent Mar 2026
Core Inflation Rate 2.50 2.50 percent Mar 2026
Energy Inflation 7.20 -1.90 percent Mar 2026
Food Inflation 1.50 2.60 percent Feb 2026
Hesse CPI YoY 2.90 2.20 percent Mar 2026
North Rhine Westphalia CPI YoY 2.70 1.80 percent Mar 2026
PPI YoY -3.30 -3.00 percent Feb 2026
Saxony CPI YoY 2.80 2.30 percent Mar 2026
Services Inflation 3.20 3.20 percent Mar 2026

Related Last Previous Unit Reference
CPI 124.50 123.10 points Mar 2026
Core Consumer Prices 119.50 119.10 points Feb 2026
CPI Clothing and Footwear 108.20 106.50 points Feb 2026
CPI Education 123.90 123.80 points Feb 2026
CPI Food and Non-Alcoholic Beverages 137.80 137.70 points Feb 2026
CPI Housing Utilities 118.10 118.10 points Feb 2026
CPI Recreation, Entertainment and Culture 116.70 115.90 points Feb 2026
CPI Restaurant and Accommodation Services 133.50 133.00 points Feb 2026
CPI Transportation 129.60 129.00 points Feb 2026
Export Prices 116.60 116.50 points Feb 2026
Harmonised Consumer Prices 102.11 100.94 points Mar 2026
Harmonised Inflation Rate MoM 1.20 0.40 percent Mar 2026
Harmonised Inflation Rate YoY 2.80 2.00 percent Mar 2026
Import Prices 112.80 112.50 points Feb 2026
Inflation Rate YoY 2.70 1.90 percent Mar 2026
Inflation Rate MoM 1.10 0.20 percent Mar 2026
PPI MoM -0.50 -0.60 percent Feb 2026
Producer Prices 123.80 124.40 points Feb 2026
Wholesale Prices 119.50 118.80 points Feb 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
2.70 1.90 11.70 -7.62 1950 - 2026 percent Monthly

News Stream
German Inflation Surges in March as Energy Prices Rebound
Germany’s inflation rate climbed to 2.7% year-over-year in March 2026, up from 1.9% in February and matching market forecasts, according to a preliminary estimate. This marks the highest level since January 2024, driven by a 7.2% spike in energy prices, the first yearly increase since December 2023, amid the ongoing Middle East conflict. Services inflation held steady at 3.2%, while core inflation, which excludes food and energy, remained at 2.5%, and food inflation eased to 0.9% from 1.1%. The harmonized CPI, closely watched by the ECB, also rose to a 14-month high of 2.8%, keeping both measures above the ECB’s 2% target.
2026-03-30
Germany February Inflation Confirmed at 1.9%
Germany’s annual inflation rate eased to 1.9% in February 2026 from 2.1% in January, confirming preliminary estimates. The slowdown was mainly driven by lower energy prices, which fell 1.9%, including declines in natural gas (-4.4%), electricity (-4.1%), district heating (-1.0%), and heating oil (-4.7%). Food price growth also moderated to 1.1% from 2.1%, as steep drops in edible fats and oils (-19.7%), potatoes (-18.1%), and dairy products (-4.9%) offset increases in confectionery (+8.1%) and meat products (+4.5%). Goods inflation also cooled to 0.8% from 1%, while services inflation remained unchanged at 3.2%. Meanwhile, core inflation, which excludes food and energy, held steady at 2.5%. On a monthly basis, the CPI increased 0.2%, following a 0.1% rise in January, supported by higher costs for energy, food, administrative fees, and package holidays. Meanwhile, the EU-harmonised CPI rose 2.0% year-on-year and 0.4% month-on-month, both matching initial estimates.
2026-03-11
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