The annual inflation rate in Germany was confirmed at 7.9% in May of 2022, and accelerating from 7.4% in the previous month. It was the third straight month of record high inflation since German reunification and also marking the highest level since the winter of 1973/1974, mainly driven by faster rises in prices of energy (38.3% vs 35.3%), and food (11.1% vs 8.6%), which was the highest rate since at least 1992. The prices of energy products increased sharply, especially for heating oil (94.8%), motor fuels (41.0%), and natural gas (55.2%), reflecting the impact of Russia’ invasion on Ukraine. Meanwhile, cost of services continued to rise (2.9 percent vs 3.2 percent), led by a 1.7% gain in rent prices. On a monthly basis, consumer prices climbed 0.9 percent, accelerating slightly from a 0.8 percent growth in April. The CPI, harmonized to compare with other European countries, was up 8.7 percent on the year and rose 1.1 percent month-on-month. source: Federal Statistical Office

Inflation Rate in Germany averaged 2.38 percent from 1950 until 2022, reaching an all time high of 11.54 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 June of 2022.

Inflation Rate in Germany is expected to be 7.50 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 2.10 percent in 2023 and 1.90 percent in 2024, according to our econometric models.

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Germany Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 12:00 PM Inflation Rate YoY Prel May 7.9% 7.4% 7.6% 7.7%
2022-06-14 06:00 AM Inflation Rate YoY Final May 7.9% 7.4% 7.9% 7.9%
2022-06-29 12:00 PM Inflation Rate YoY Prel Jun 7.9% 8% 7.9%


Related Last Previous Unit Reference
Inflation Rate 7.90 7.40 percent May 2022
Inflation Rate Mom 0.90 0.80 percent May 2022
Harmonised Consumer Prices 118.20 116.90 points May 2022
Consumer Price Index CPI 117.30 116.20 points May 2022
Core Inflation Rate 3.78 3.80 percent May 2022
Core Consumer Prices 112.60 112.00 points May 2022
Producer Prices 147.50 145.10 points May 2022
Producer Prices Change 33.60 33.50 percent May 2022
Export Prices 121.70 120.70 points Apr 2022
Import Prices 138.30 135.90 points Apr 2022
Food Inflation 11.10 8.60 percent May 2022
Producer Price Inflation MoM 1.60 2.80 percent May 2022
Wholesale Prices 136.70 135.30 points May 2022
CPI Transportation 130.00 128.50 points May 2022
CPI Housing Utilities 117.40 116.40 points May 2022

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 by Alcoholic beverages & tobacco, Communication and Education.
Actual Previous Highest Lowest Dates Unit Frequency
7.90 7.40 11.54 -7.62 1950 - 2022 percent Monthly

News Stream
German Inflation Rate Confirmed at 7.9% in May
The annual inflation rate in Germany was confirmed at 7.9% in May of 2022, and accelerating from 7.4% in the previous month. It was the third straight month of record high inflation since German reunification and also marking the highest level since the winter of 1973/1974, mainly driven by faster rises in prices of energy (38.3% vs 35.3%), and food (11.1% vs 8.6%), which was the highest rate since at least 1992. The prices of energy products increased sharply, especially for heating oil (94.8%), motor fuels (41.0%), and natural gas (55.2%), reflecting the impact of Russia’ invasion on Ukraine. Meanwhile, cost of services continued to rise (2.9 percent vs 3.2 percent), led by a 1.7% gain in rent prices. On a monthly basis, consumer prices climbed 0.9 percent, accelerating slightly from a 0.8 percent growth in April. The CPI, harmonized to compare with other European countries, was up 8.7 percent on the year and rose 1.1 percent month-on-month.
2022-06-14
German Inflation Rate Rises More than Expected
Germany's consumer price inflation rate is expected to climb to 7.9 percent in May of 2022 from 7.4 percent in April, the highest since the winter of 1973/1974 and above market expectations of 7.6 percent, a preliminary estimate showed. The main upward pressure should come from the prices of energy products (38.3 percent vs 35.3 percent in April) which increased considerably since the war started in Ukraine. Also, the food inflation is set to surge to 11.1 percent (vs 8.6 percent), while services are expected to rise 2.9 percent (vs 3.2 percent). On a monthly basis, consumer prices are expected to rise 0.9 percent in May.
2022-05-30
German Inflation Rate Confirmed at 7.4%
The annual inflation rate in Germany was confirmed at 7.4% in April of 2022, and accelerating from 7.3% in the previous month. It was the second straight month of record high inflation since the reunification while also marking the fastest pace in consumer prices since at least 1981, mainly boosted by rises in prices of energy (35.3% vs 39.5%) and food (8.6% vs 6.2%). The prices of energy products rose sharply, especially for heating oil (98.6%), motor fuels (38.5%), and natural gas (47.5%), reflecting the impact of Russia’ invasion on Ukraine. At the same time, cost of services rose faster (3.2 percent vs 2.8 percent), led by a 1.6% gain in rent prices. On a monthly basis, consumer prices went up 0.8 percent, easing from a 2.5 percent gain in March, which was the highest reading since October 1951. The CPI, harmonized to compare with other European countries, was up 7.8 percent on the year and rose 0.7 percent month-on-month.
2022-05-11