Germany Inflation Rate

The inflation rate in Germany was recorded at 1.04 percent in June of 2014. Inflation Rate in Germany averaged 2.48 Percent from 1950 until 2014, 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.

   
 
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Germany Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.04 0.85 11.54 -7.62 1950 - 2014 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 - Germany Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Germany Inflation Rate Confirmed at 1.0%


German annual inflation rate edged up to 1.0 percent in June of 2014 from 0.9 percent in the previous month driven by higher prices of beer, tobacco and newspapers and matching the preliminary estimate.

Energy prices as a whole were down 0.3 percent in June of 2014 from June of 2013. Prices declined for mineral oil products (-1.2 percent), of which heating oil fell 1.9 percent, motor fuels declined 1.1 percent and charges for central and district heating dropped in 1.2 percent. Electricity prices increased 1.8 percent.

Compared with the overall inflation rate, the prices of goods, including energy and food, recorded a below-average increase (+0.3 percent) on June of 2013. The prices of beer (+3.0 percent), tobacco products (+4.3 percent) and newspapers and periodicals (+4.6 percent) rose markedly. Prices were considerably down again especially for consumer electronics (-6.1 percent), including TV sets (-9.5 percent) and telephones (-11.6 percent). Service prices rose above average from the same month a year earlier (+1.6 percent).

Compared with May of 2014, consumer prices rose by 0.3 percent in June of 2014. Mainly seasonal price increases were observed for package holidays (+11.7 percent) and air tickets (+2.4 percent). Prices of energy as a whole, too, were up on the previous month (+0.5 percent), including motor fuels (1.3 percent), and heating oil (0.4 percent). Food prices remained nearly unchanged from the previous month (-0.1 percent). 

The harmonised index of consumer prices (HICP) rose by 1.0 percent in June of 2014 on June of 2013. Compared with the previous month, the index was up 0.4 percent in June of 2014. The HICP estimates were thus confirmed.

DESTATIS | Isabel Felino | isabel.felino@tradingeconomics.com
7/11/2014 9:21:31 AM


Recent Releases

German Inflation Rate Accelerates Slightly
Consumer prices in Germany are expected to rise 1.0 percent year-on-year in June of 2014, following a 0.9 percent increase in the previous month. While food prices slowed, service cost accelerated in June. Published on 2014-06-27

Germany Inflation Rate Confirmed at 0.9%
German annual inflation rate eased to 0.9 percent in May of 2014 from 1.3 percent in the previous month, confirming the preliminary estimate, as energy prices fell. It is the lowest rate in four years. Published on 2014-06-13


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-02 01:00 PM Germany
Inflation Rate YoY
May 2014 0.9% 1.3% 1.1% 1.39%
2014-06-13 07:00 AM Germany
Inflation Rate YoY Final
May 2014 0.9% 1.3% 0.9% 0.9%
2014-06-27 01:00 PM Germany
Inflation Rate YoY
Jun 2014 1.0% 0.9% 1.0% 1%
2014-07-11 07:00 AM Germany
Inflation Rate YoY Final
Jun 2014 1.0% 0.9% 1.0% 1.0%
2014-07-30 01:00 PM Germany
Inflation Rate YoY
Jul 2014 1.0% 1.0% 1.14%


Prices Last Previous Highest Lowest Unit
Inflation Rate 1.04 0.85 11.54 -7.62 Percent [+]
Inflation Rate Mom 0.40 -0.26 1.20 -0.74 Percent [+]
Consumer Price Index (CPI) 106.70 106.40 106.70 20.50 Index Points [+]
Harmonised Consumer Prices 116.30 115.80 116.40 114.80 Index Points [+]
Producer Prices 105.90 105.90 107.70 26.50 Index Points [+]
Producer Prices Change -0.75 -0.84 22.41 -7.79 Percent [+]
Export Prices 103.90 103.90 105.20 38.00 Index Points [+]
Import Prices 103.80 103.80 110.00 41.10 Index Points [+]
Food Inflation 0.00 0.45 8.22 -3.09 Percent [+]





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