Inflation in Germany
Germany - Inflation (end of period)
Harmonized inflation increases in July
Harmonized consumer prices increased 0.85% in July over the previous month, swinging from June's 0.17% fall. The print came on the back of a notable increase in the prices for food and non-alcoholic beverages, recreation and culture amid the summer holiday season, and gas. On the other hand, transport prices dropped over the month thanks to government efforts: A fuel discount saw a marked drop in motor fuels prices.
Harmonized inflation ticked up to 8.5% in July, following June’s 8.2%. Harmonized inflation continued to be driven by higher prices for energy. Annual average harmonized inflation rose to 6.3% in July (June: 5.8%).
FocusEconomics panelists project average inflation of 7.4% in 2022, which is up 0.7 percentage points from last month’s forecast, and 3.7% in 2023.
Germany - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||0.2||1.5||1.4||1.6||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Germany Inflation (eop) Chart
Source: Federal Statistics Office and FocusEconomics calculations
|Bond Yield||-0.19||0.41 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 10, 2022
Harmonized consumer prices increased 0.85% in July over the previous month, swinging from June's 0.17% fall.
August 5, 2022
On a seasonally-adjusted monthly basis, industrial production rose 0.4% in June (May: -0.1% mom).
August 3, 2022
Merchandise exports jumped 4.5% month on month in June, following May’s 1.3% rise.
July 28, 2022
The GfK consumer climate index is forecast to drop from minus 27.7 in July to an all-time low of minus 30.6 in August. The expected deterioration in sentiment came on the back of backward-looking data for July, which is released simultaneously and underpins the August expectation.
July 28, 2022
Harmonized consumer prices rose 0.08% from the previous month in July, contrasting the 0.17% drop recorded in June.