Inflation in Germany

Germany Inflation | Economic News & Forecasts

Germany - Inflation

Harmonized inflation comes in at highest level since our records began

Harmonized inflation increased to 11.6% in October, above September’s 10.9%. October's reading marked the highest inflation rate since our current records began. The print was broad-based as nearly all components registered stronger price increases. Prices for transport, however, rose at a softer pace, while alcoholic beverages and tobacco increased at a steady pace. Prices for communication dropped.

The trend pointed up, with annual average harmonized inflation coming in at 7.9% in October (September: 7.3%). Meanwhile, consumer price inflation rose to 10.4% in October, from the previous month's 10.0%.

Finally, harmonized consumer prices rose 1.15% in October over the previous month, down from the 2.18% rise recorded in August.

FocusEconomics panelist expect harmonized inflation to average 8.1% in 2022 and 5.5% in 2023.

Germany - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.5  0.5  1.5  1.7  1.4  

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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

Value Change Date
Bond Yield-0.190.41 %Jan 01
Exchange Rate1.120.65 %Dec 31

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