Germany Inflation April 2022


Germany: Harmonized inflation increases in April

April 28, 2022

Harmonized consumer prices increased 0.69% over the previous month in April, down from the 2.47% increase logged in March. Although a detailed breakdown is not yet available, elevated energy and food prices are likely to be behind the result.

Harmonized inflation came in at 7.8% in April, which was up from March’s 7.6%. April's result represented the highest inflation rate since records began. Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 4.8% in April (March: 4.3%).

FocusEconomics panelist expect harmonized inflation to average 3.9% in 2022 and 2.0% in 2023.


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Germany Inflation Chart

Germany Inflation April 2022 0

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

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