Inflation in Germany

Germany Inflation | Economic News & Forecasts

Germany - Inflation

Inflation edges up in August

Consumer prices in Germany increased 0.1% in August from the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 August. The result came in below July’s 0.4% month-on-month increase.

Inflation rose from 1.7% in July to 1.8% in August, matching market expectations. Meanwhile, annual average inflation edged up from 1.4% in July to 1.5% in August, the highest mark since November 2013.

Harmonized inflation rose to 1.8% in August, up from 1.5% the previous month. As a result, average HICP rose to 1.5% from 1.3% in July.


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

Germany - Inflation Data

2012  2013  2014  2015  2016  
Inflation Rate (CPI, annual variation in %)2.0  1.5  0.9  0.2  0.5  

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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 Yield0.452.75 %Sep 21
Exchange Rate1.19-0.61 %Sep 21
Stock Market12,6000.25 %Sep 21

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