Germany's consumer price inflation rate is expected to climb to 5.2 percent year-on-year in November 2021, the highest rate since June 1992 and above market expectations of 5 percent, a preliminary estimate showed. The reading came in also well above the ECB's target of 2 percent, adding to concerns about growing inflationary pressure in Europe's largest economy due to ongoing supply issues and base effects, especially the temporary VAT reduction and the sharp decline in mineral oil product prices last year. Main upward pressure should come from energy products (22.1 percent vs 18.6 percent in October), food (4.5 percent vs 4.4 percent), and services (2.8 percent vs 2.4 percent). On a monthly basis, consumer prices are expected to fall 0.2 percent in November. The CPI, harmonized to compare with other European countries, was up 6.0 percent on the year and rose 0.3 percent month-on-month. source: Federal Statistical Office
Inflation Rate in Germany averaged 2.35 percent from 1950 until 2021, 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 December of 2021.
Inflation Rate in Germany is expected to be 4.90 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 1.70 percent in 2022 and 1.80 percent in 2023, according to our econometric models.