Germany’s annual inflation rate eased to 2.8% in October 2026, down from a near three-year high of 3.3% in September and below market expectations of 3.0%, according to preliminary estimates. The decline came in the first month of a temporary fuel tax cut, introduced at the start of October and set to remain in place until year-end, which has contributed to a modest reduction in fuel prices. Price growth also slowed for energy (12.2% vs. 14.9% in September) and services (2.5% vs. 2.7%), while food inflation remained unchanged at 0.4%. Core inflation, which excludes energy and unprocessed food, moderated to 2.1% from 2.4%. Meanwhile, the EU-harmonized inflation rate fell more than expected to 2.8%, although it remained above the European Central Bank’s 2% target. source: Federal Statistical Office

Inflation Rate in Germany decreased to 2.80 percent in October from 3.30 percent in September 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 November of 2026.

Inflation Rate in Germany decreased to 2.80 percent in October from 3.30 percent in September of 2026. Inflation Rate in Germany is expected to be 3.70 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
2026-10-13 06:00 AM
Inflation Rate YoY Final
Sep 3.3% 2.9% 3.3% 3.3%
2026-10-30 01:00 PM
Inflation Rate YoY Prel
Oct 2.8% 3.3% 3% 3.1%
2026-11-11 07:00 AM
Inflation Rate YoY Final
Oct 3.3% 2.8% 2.8%



Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.60 2.90 percent Oct 2026
Bavaria CPI MoM 2.80 3.20 percent Oct 2026
Brandenburg CPI YoY 2.90 3.60 percent Oct 2026
Core Inflation Rate 2.10 2.40 percent Oct 2026
Energy Inflation 12.20 14.90 percent Oct 2026
Food Inflation 0.30 0.10 percent Sep 2026
Hesse CPI YoY 2.90 3.40 percent Oct 2026
North Rhine Westphalia CPI YoY 2.70 3.30 percent Oct 2026
PPI YoY 6.70 4.60 percent Sep 2026
Saxony CPI YoY 2.80 3.40 percent Oct 2026
Services Inflation 2.50 2.70 percent Oct 2026

Related Last Previous Unit Reference
CPI 126.60 125.80 points Sep 2026
Core Consumer Prices 122.00 121.70 points Sep 2026
CPI Clothing and Footwear 112.30 107.20 points Sep 2026
CPI Education 126.20 125.20 points Sep 2026
CPI Food and Non-Alcoholic Beverages 137.20 136.70 points Sep 2026
CPI Housing Utilities 120.00 119.60 points Sep 2026
CPI Recreation, Entertainment and Culture 122.00 122.40 points Sep 2026
CPI Restaurant and Accommodation Services 137.30 136.60 points Sep 2026
CPI Transportation 140.40 138.10 points Sep 2026
Export Prices 121.30 120.60 points Sep 2026
Harmonised Consumer Prices 103.80 103.93 points Oct 2026
Harmonised Inflation Rate MoM -0.10 0.60 percent Oct 2026
Harmonised Inflation Rate YoY 2.80 3.30 percent Oct 2026
Import Prices 122.20 119.70 points Sep 2026
Inflation Rate YoY 2.80 3.30 percent Oct 2026
Inflation Rate MoM -0.20 0.60 percent Oct 2026
PPI MoM 1.90 1.10 percent Sep 2026
Producer Prices 133.70 131.20 points Sep 2026
Wholesale Prices 127.30 124.90 points Sep 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
2.80 3.30 11.70 -7.62 1950 - 2026 percent Monthly

News Stream
Germany Inflation Eases as Fuel Tax Cut Takes Effect
Germany’s annual inflation rate eased to 2.8% in October 2026, down from a near three-year high of 3.3% in September and below market expectations of 3.0%, according to preliminary estimates. The decline came in the first month of a temporary fuel tax cut, introduced at the start of October and set to remain in place until year-end, which has contributed to a modest reduction in fuel prices. Price growth also slowed for energy (12.2% vs. 14.9% in September) and services (2.5% vs. 2.7%), while food inflation remained unchanged at 0.4%. Core inflation, which excludes energy and unprocessed food, moderated to 2.1% from 2.4%. Meanwhile, the EU-harmonized inflation rate fell more than expected to 2.8%, although it remained above the European Central Bank’s 2% target.
2026-10-30
German Inflation Confirmed at Near 3-Year High
Germany’s annual inflation rate accelerated to 3.3% in September 2026, confirming preliminary estimates, up from 2.9% in August. It was the highest inflation rate since December 2023, mainly driven by a renewed surge in energy inflation, which rose to 14.9%, its highest level since February 2023, amid stalled US-Iran negotiations and higher crude oil prices. Energy prices rose for the third consecutive month, mainly driven by increases in motor fuel prices (37.1% vs 27.7% in August) and heating oil prices (74.9% vs 49.6%). Food inflation also increased to 0.4% from 0.1%, with egg prices rising 15.2% and fresh vegetable prices climbing 12%, while services inflation slowed to 2.7% from 2.8%. Core inflation, excluding energy and unprocessed food, held steady at 2.4%. The EU-harmonized inflation rate also rose to 3.3%, its highest level since late 2023 and well above the ECB’s 2% target. On a monthly basis, consumer prices rose 0.6% in September, accelerating from a 0.2% gain in August.
2026-10-13
German Inflation Hits Highest Level Since 2023
Germany’s annual inflation rate rose to 3.3% in September 2026, its highest level since December 2023 and above market expectations of 3.2%, according to preliminary estimates. The increase was driven by a renewed surge in energy inflation, which accelerated to 14.9%, its highest since February 2023, amid stalled US-Iran negotiations and higher crude oil prices. Food inflation also picked up to 0.4% from 0.1%, while services inflation eased to 2.7% from 2.8%. Core inflation, excluding energy and unprocessed food, held steady at 2.4%. The EU-harmonized inflation rate also rose more than expected to 3.3%, its highest since late 2023 and well above the ECB’s 2% target.
2026-09-30