Germany Inflation May 2022


Germany: Harmonized inflation comes in at highest level since our records began

May 30, 2022

Harmonized consumer prices rose 1.11% from the previous month in May, picking up from the 0.69% rise recorded in April.

Harmonized inflation came in at 8.7% in May, which was up from April’s 7.8%. May's figure marked the highest inflation rate since our current records began. Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 5.3% in May (April: 4.8%).

FocusEconomics panelist expect harmonized inflation to average 6.7% in 2022 and 3.0% in 2023.


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Germany Inflation Chart

Germany Inflation May 2022

Note: Annual and monthly variation of harmonized index of consumer prices in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics calculations.

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