Germany Inflation Rate 1950-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Germany was recorded at 0.80 percent in September of 2014. Inflation Rate in Germany averaged 2.47 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.

   
 
 

Germany Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.80 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. Content for - Germany Inflation Rate - was last refreshed on Friday, October 24, 2014.


Germany Inflation Confirmed at 0.8% in September


German annual inflation rate was recorded at 0.8 percent in September of 2014, unchanged from the previous month and matching the preliminary estimate. It is the lowest figure since February of 2010 mainly due to decreasing energy prices.

Year-on-year, energy prices fell 2.2 percent. Prices were down in particular for mineral oil products (–5.1 percent, of which heating oil: –7.9 percent; motor fuels: –4.1 percent). Prices of solid fuels (–2.0 percent) and charges for central and district heating (–1.4 percent) were lower than a year earlier. Electricity prices, however, went up 1.8 percent.

Food prices increased 0.9 percent from September of 2013. Prices were markedly higher than a year earlier  for dairy products (+8.3 percent, including sliced cheese (+14.1 percent); cued cheese (+13.9 percent) and cream (+7.4 percent). Higher prices were also recorded for confectionery (+1.7 percent) and fish and fish products (+1.3 percent). Price decreases were observed for edible fats and oils (-7.3 percent, including butter -13.6 percent). Consumers paid less also for vegetables (-1.5 percent) and  fruits (–1.9 percent).

The prices of services rose above average (+1.5 percent) compared with September 2013, mainly due to the increase in net rents exclusive of heating expenses (+1.4 percent), on which households spend roughly a fifth of their consumption expenditure. Besides, price increases were observed, for example, for recreational and sporting services (+3.0 percent), hairdresser services and other services for personal care (+3.2 percent), and services of social facilities (+3.9 percent, including home care services: +8.7 percent). The prices of telecommunications services, however, declined again (−1.2 percent).

Compared with August 2014, consumer prices remained unchanged in September 2014. In a month-on-month comparison, the prices of clothing and footwear were up (+5.3 percent, including clothing: +5.8 percent), mainly due to the changeover to the autumn/winter collection. However, the prices of air tickets (-5.1 percent) and package holidays (-10.5 percent) decreased after the end of the summer holiday season.

The harmonized index of consumer prices (HICP) rose by 0.8 percent in September of 2014 over the same month last year. Compared with the previous month, the index remained unchanged in September 2014. The HICP estimates were thus confirmed.

DESTATIS l Rida l rida@tradingeconomics.com
10/15/2014 9:26:24 AM


Recent Releases

Germany Inflation Rate Stable at 0.8%
The inflation rate in Germany is expected to stand at 0.8 percent for the third consecutive month in September of 2014. While energy prices keep falling, cost of food and services increase slightly. Published on 2014-09-29

Germany Inflation Rate Confirmed at 0.8% in August
German annual inflation rate rose to 0.8 percent in August of 2014, unchanged from the previous month and matching preliminary estimate, mainly due to decreasing energy prices. Published on 2014-09-11


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-08-28 01:00 PM Germany
Inflation Rate YoY
Aug 2014 0.8% 0.8% 0.8% 0.95%
2014-09-11 07:00 AM Germany
Inflation Rate YoY Final
Aug 2014 0.8% 0.8% 0.8% 0.8%
2014-09-29 01:00 PM Germany
Inflation Rate YoY
Sep 2014 0.8% 0.8% 0.8% 0.85%
2014-10-15 07:00 AM Germany
Inflation Rate YoY Final
Sep 2014 0.8% 0.8% 0.8% 0.8%
2014-10-30 01:00 PM Germany
Inflation Rate YoY
Oct 2014 0.8% 0.9% 0.83%


Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.80 11.54 -7.62 Percent [+]
Inflation Rate Mom 0.00 0.00 2.65 -2.73 Percent [+]
Consumer Price Index CPI 107.00 107.00 107.00 20.50 Index Points [+]
Harmonised Consumer Prices 116.60 116.30 116.60 114.80 Index Points [+]
Producer Prices 105.70 105.70 107.70 26.50 Index Points [+]
Producer Prices Change -1.00 -0.80 22.41 -7.79 Percent [+]
Export Prices 104.10 104.10 105.20 38.00 Index Points [+]
Import Prices 103.50 103.60 110.00 41.10 Index Points [+]
Food Inflation 1.00 0.54 8.22 -3.09 Percent [+]
Core Consumer Prices 105.30 105.30 105.30 69.80 Index Points [+]
Core Inflation Rate 1.34 1.34 6.29 0.19 Percent [+]