Inflation in Germany

Germany Inflation | Economic News & Forecasts

Germany - Inflation

Harmonized consumer prices fall in August

Harmonized consumer prices dropped 0.19% over the last month in August, up from July’s 0.47% fall. August’s print reflected rising prices for clothing and footwear as well as softer declines in the prices for food and non-alcoholic beverages; alcoholic beverages and tobacco; and housing, water, electricity, gas and other fuels.

Meanwhile, harmonized consumer prices dropped 0.1% in August compared to the same month a year prior, down from zero inflation in July. Lastly, the trend pointed down with annual average inflation ticking down to 0.9% in August from 1.0% in July.

FocusEconomics panelists see harmonized inflation ending 2020 at 0.6%, which is unchanged from the previous month’s forecast. For 2021, our panelists expect harmonized inflation to end the year at 1.4%.

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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