Brandenburg Gate in Berlin, Germany

Germany Inflation May 2020

Germany: Inflation drops to lowest level since August 2016 in May

Harmonized consumer prices were unchanged from the previous month in May, below the 0.4% increase logged in April. May’s result reflected the impact of government-imposed restrictive measures, which led to a broad-based decline in prices and offset a notable pick-up in prices of alcoholic beverages and tobacco.

Harmonized inflation came in at 0.5% in May, moderately below April’s 0.8%. May’s print marked the lowest inflation rate since August 2016. Meanwhile, the trend was stable, with annual average harmonized inflation coming in at 1.2% in May (April: 1.2%).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest