Inflation in Germany

Germany Inflation | Economic News & Forecasts

Germany - Inflation

Inflation moderates in May

Consumer prices contracted 0.2% in May, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 May. The result came in below April’s flat reading.

The rise in inflation observed in recent months seems to be weakening. Inflation decreased from 2.0% in April to 1.5% in May, undershooting market expectations of a softer decline to 1.6%. Meanwhile, annual average inflation edged up from 1.1% in April to 1.2% in May.

Harmonized inflation also decelerated in May, falling to 1.4% from April’s 2.0%, while average HICP inflation rose to 1.1% from 1.0% in April.

The government expects inflation to be 1.8% in 2017. FocusEconomics panelists expect inflation to average 1.8% in 2017, which is up 0.1 percentage points from the previous month’s forecast. For 2018, panelists expect inflation to increase to 1.7%.

Germany - Inflation Data

2011  2012  2013  2014  2015  
Inflation Rate (CPI, annual variation in %)2.1  2.0  1.5  0.9  0.2  

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Germany Inflation Chart


Germany Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Federal Statistics Office and FocusEconomics calculations

Germany Facts

ValueChangeDate
Bond Yield0.50-3.87 %Jul 18
Exchange Rate1.160.96 %Jul 18
Stock Market12,430-1.25 %Jul 18

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