Germany Inflation Rate  1950-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Germany rose 0.1 percent year-on-year in May of 2016, following a 0.1 percent drop in April and matching preliminary estimates. On a monthly basis, consumer prices rose 0.3 percent, following a 0.4 percent drop in April and in line with expectations. The harmonized index of consumer prices (HICP) remained unchanged from a year earlier, compared to a 0.3 percent drop in March. On a month-on-month basis, the index rose 0.4 percent after declining 0.8 percent in the preceding month. Inflation Rate in Germany averaged 2.42 percent from 1950 until 2016, reaching an all time high of 11.54 percent in October of 1951 and a record low of -7.62 percent in June of 1950. Inflation Rate in Germany is reported by the Federal Statistics Office.

Germany Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.10 11.54 -7.62 1950 - 2016 percent Monthly
In Germany, most important categories in the consumer price index are housing, water, electricity, gas and other fuels (31 percent of the total weight), transport (13 percent), recreation (12 percent) and food and non-alcoholic beverages (10 percent). The index also includes miscellaneous goods and services (7 percent), clothing and footwear (5 percent) and health (4 percent). The remaining 8 percent of the index is composed by: furnishing and household equipment, communications and accommodation and catering services. This page provides the latest reported value for - Germany Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Inflation Rate - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-13 06:00 AM Apr -0.1% 0.3% -0.1% 0.1%
2016-05-30 12:00 PM May 0.1% -0.1% 0.1% 0.2%
2016-06-10 06:00 AM May 0.1% -0.1% 0.1% 0.1%
2016-06-29 12:00 PM Jun 0.1% 0.4% 0.3%
2016-07-12 06:00 AM Jun 0.1%
2016-07-28 12:00 PM Jul 0.4%

German CPI Confirmed at 0.1% in May


Consumer prices in Germany rose 0.1 percent year-on-year in May of 2016, following a 0.1 percent drop in April and matching preliminary estimates. While cost of energy fell at a slower pace, cost of services rose further and prices of food remained unchanged.

Year-on-year, energy cost (total) decreased by 7.9 percent, following a 8.5 percent drop in April. Prices were down the most for: heating oil (-25.0 percent), motor fuels (-12.0 percent). Charges also fell for central and district heating (-9.2 percent) and gas (-2.6 percent). In contrast, cost of electricity rose 0.9 percent. 

Cost of food and non-alcoholic beverages were flat, after registering a 0.5 percent rise in the previous month. Prices rose for fruit (+1.8 percent), vegetables (+2.8 percent) fish and fish products (+3.3 percent). In contrast, prices were down for edible oils and fats (-5.9 percent,  including butter: –15.2 percent) and dairy products (-6.2 percent, including curd: -13.1 percent,  UHT milk: –9.4 percent). 

Cost of goods as a whole fell by 0.9 percent, following a 1.0 percent drop in the preceding month. Cost of services rose 1.2 percent in May from 0.8 percent in a month earlier. Among goods, lower prices were recorded for coffee, tea  and cocoa (-4.2 percent, including unground coffee: -6.7 percent). In contrast, prices rose for pharmaceuticals products (+2.8 percent), newspapers and periodicals (+4.2 percent) and tobacco products (+5.0 percent). Among services, higher cost were seen for net rents exclusive of heating expenses (+1.1 percent), recreational and sporting services (+3.1 percent), insurance services (+2.4 percent) and maintenance and repair of vehicles (+2.3 percent). In contrast, prices were down for package holidays (-1.2 percent) and telecommunication services (-1.6 percent).

On a monthly basis, consumer prices rose 0.3 percent, following a 0.4 percent drop in April and in line with expectations. The increase was mainly due to energy prices (+1.6 percent). Compared with a month earlier, prices were markedly up both for heating oil (+9.0 percent) and motor fuels (+3.3 percent, including supergrade petrol: +2.8 percent, diesel fuel: +5.1 percent). Prices were also up for gardens, plants and flowers (+2.2 percent, including cut flowers: +5.0 percent; fruit trees, flower bulbs and the like: +1.5 percent). Cost also rose for services (+0.6 percent). In contrast, prices of food fell 0.5 percent with price decreases  were recorded here especially for edible fats and oils (−1.0 percent, including butter: −3.1 percent) and dairy products (−3.9 percent, including UHT milk: −10.2 percent; fresh milk: −9.2 percent). A Slight price decreases were also observed for clothing (−1.3 percent) and footwear (−0.3 percent).

The harmonized index of consumer prices (HICP) remained unchanged from a year earlier, compared to a 0.3 percent drop in March. On a month-on-month basis, the index rose 0.4 percent after declining 0.8 percent in the preceding month.

Destatis l Rida Husna | rida@tradingeconomics.com
6/10/2016 7:43:49 AM

Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 0.10 -0.10 11.54 -7.62 percent [+]
Inflation Rate Mom 0.30 -0.40 2.65 -2.73 percent [+]
Consumer Price Index CPI 107.20 107.10 107.30 20.50 Index Points [+]
Harmonised Consumer Prices 100.20 100.00 100.30 75.50 Index Points [+]
Core Consumer Prices 107.30 106.90 107.50 69.80 Index Points [+]
Core Inflation Rate 1.32 0.94 6.29 0.19 percent [+]
Producer Prices 101.70 101.30 107.70 26.50 Index Points [+]
Producer Prices Change -2.70 -3.10 22.41 -7.79 percent [+]
Export Prices 103.50 103.60 105.60 38.00 Index Points [+]
Import Prices 96.40 96.50 110.00 41.10 Index Points [+]
Food Inflation 0.00 0.50 8.22 -3.09 percent [+]
Cpi Transportation 104.70 103.80 109.50 57.30 Index Points [+]




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