Germany Inflation Rate  1950-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Germany rose 2.2 percent year-on-year in February of 2017, compared to a 1.9 percent gain in January and in line with the preliminary estimate. It was the highest inflation rate since August 2012, mainly driven by faster increases in cost of energy and food. On a monthly basis, consumer prices rose 0.6 percent, after falling 0.6 percent in the prior month and also in line with consensus. Inflation Rate in Germany averaged 2.40 percent from 1950 until 2017, 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.

Germany Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-14 07:00 AM Jan 1.9% 1.7% 1.9% 1.9%
2017-03-01 01:00 PM Feb 2.2% 1.9% 2.1% 2.1%
2017-03-14 07:00 AM Feb 2.2% 1.9% 2.2% 2.2%
2017-03-30 12:00 PM Mar 2.2% 2.4%
2017-04-13 06:00 AM Mar 2.2% 2.4%
2017-04-27 12:00 PM Apr 2.27%




German Inflation Rate Confirmed At Highest Level In 4-1/2 Years


Consumer prices in Germany rose 2.2 percent year-on-year in February of 2017, compared to a 1.9 percent gain in January and in line with the preliminary estimate. It was the highest inflation rate since August 2012, mainly driven by faster increases in cost of energy and food.

Year-on-year, cost of goods as a whole rose 3.2 percent, following a 2.7 percent rise in the preceding month, mainly due to the rise in energy and food prices.

Energy prices as a whole increased by 7.2 percent in February, following a 5.9 percent rise in January. Prices went up sharply for heating oil (43.8 percent), followed by motor fuels (15.6 percent) and electricity (1.6 percent). By contrast, cost fell for charges for central and district heating (-4.7 percent) and gas (-3.2  percent). Excluding energy prices, the inflation rate would have been 1.7 percent; and excluding the prices of mineral oil products, it would have been only 1.5 percent.

Prices of food and non-alcoholic beverages rose 4.1 percent, after gaining 3.0 percent in the previous month. Prices increased markedly for: vegetables (21 percent), edible fats and oils (13.2 percent), fish and fish products (5.4 percent) and fruits (3.9 percent).

Also, significant price increases were also recorded for other goods such as newspapers and periodicals (4.5 percent) and tobacco products (3.2 percent). By contrast, a decline was recorded for consumer electronics (–4.7 percent) and clothing (−0.5 percent). Cost of services went up 1.3 percent in February, following a 1.2 percent gain in the prior month. 

Cost of services went up 1.3 percent in February, following a 1.2 percent gain in the prior month, mainly due to the increase in net rents exclusive of heating expenses (1.6 percent). In addition, price increases were observed for catering services (2 percent) and insurance services (2.4 percent), while cost fell for services of social facilities (−6.1 percent), air tickets (−3 percent) and telecommunication services (−1.1 percent).

On a monthly basis, consumer prices rose 0.6 percent, after falling 0.6 percent in the prior month and in line with the preliminary reading, mainly due to seasonal factors. Prices for vegetables jumped 12.2 percent, especially for fresh vegetables like butterhead lettuce or iceberg salad (44.1 percent), peppers (35.1 percent) and tomatoes (25.8 percent).

The harmonised index of consumer prices rose by 2.2 percent from the previous year and by 0.7 percent month-over-month.


Destatis l Rida Husna | rida@tradingeconomics.com
3/14/2017 9:26:27 AM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 1.90 11.54 -7.62 percent [+]
Inflation Rate Mom 0.60 -0.60 2.65 -2.73 percent [+]
Consumer Price Index CPI 108.80 108.10 108.80 20.50 Index Points [+]
Harmonised Consumer Prices 101.70 101.00 101.80 75.50 Index Points [+]
Core Consumer Prices 108.80 108.10 108.80 69.80 Index Points [+]
Core Inflation Rate 1.69 1.49 6.29 0.19 percent [+]
Producer Prices 104.30 104.10 107.70 26.50 Index Points [+]
Producer Prices Change 3.10 2.40 22.41 -7.79 percent [+]
Export Prices 105.80 105.20 105.80 38.00 Index Points [+]
Import Prices 102.20 101.30 110.00 41.10 Index Points [+]
Food Inflation 4.10 3.00 8.22 -3.09 percent [+]
Cpi Transportation 107.60 107.10 109.50 57.30 Index Points [+]



Germany Inflation Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.90 11.54 -7.62 1950 - 2017 percent Monthly



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