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

Consumer prices in Germany rose 1.7 percent year-on-year in December of 2016, compared to a 0.8 percent rise in November and matching preliminary estimates. It was the highest inflation rate since July 2013, due to a faster increase in prices of food and services and a surge in cost of transport. Inflation Rate in Germany averaged 2.40 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.

Germany Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-13 07:00 AM Nov 0.8% 0.8% 0.8% 0.8%
2017-01-03 01:00 PM Dec 1.7% 0.8% 1.5% 1.2%
2017-01-18 07:00 AM Dec 1.7% 0.8% 1.7% 1.7%
2017-01-30 01:00 PM Jan 1.7% 1.72%
2017-02-14 07:00 AM Jan 1.7% 1.72%
2017-03-01 01:00 PM Feb 1.76%




German Inflation Rate Confirmed At Highest Since July 2013


Consumer prices in Germany rose 1.7 percent year-on-year in December of 2016, compared to a 0.8 percent rise in November and matching preliminary estimates. It was the highest inflation rate since July 2013, due to a faster increase in prices of food and services and a surge in cost of transport.

Year-on-year, energy cost (total) increased by 2.5 percent, following a 2.7 percent drop in November. Prices were up sharply for mineral oil products (+9.0 percent, of which light fuel oil: +21.9 percent, motor fuels: +6.0 percent). Prices went up slightly for electricity (+0.9 percent) and solid fuels (+0.1 percent). In contrast, cost fell for central and district heating: -6.4 percent and gas prices: -2.7  percent.

Prices of food and non-alcoholic beverages went up 2.3 percent, after gaining 1.2 percent in the previous month. Prices increased markedly for edible fats and cooking oils (+12.3 percent) and vegetables (+9.7 percent). Also, prices were higher for fish and fish products (+3.3 percent), fruits (+1.4 percent) and confectionery (+1.3 percent).

Cost of goods as a whole rose 1.8 percent, following a 0.5 percent rise in the preceding month, mainly as a result of increases in energy and food prices. Cost of services rose 1.5 percent in December, following a 1.1 percent gain in the previous month. Among services, cost went up for: maintenance and repair of vehicles (+2.3 percent), insurance (+2.3 percent) and social services (+4.3 percent). In contrast, cost dropped for telecommunication services (-1.2 percent).

On a monthly basis, consumer prices went up 0.7 percent, after gaining 0.1 percent in the prior month and in line with consensus. It was the highest figure since March 2016. Cost went up for: energy (+2.3 percent,  including heating oil: +11.7 percent; motor fuels: +3.6 percent) and services (+1.1 percent, mainly due to a 20.9 percent rise in package of holidays). Prices also increased for food and non-alcoholic beverages (+0.7 percent). In contrast, cost of clothing & footwear declined by 2.3 percent.

The harmonized index of consumer prices (HICP) rose 1.7 percent from a year earlier, following a 0.7 percent rise in November. On a month-on-month basis, the index increased by 1.0 percent, after remaining unchanged in the preceding month and matching preliminary figures.

Destatis l Rida Husna | rida@tradingeconomics.com
1/18/2017 8:04:22 AM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 0.80 11.54 -7.62 percent [+]
Inflation Rate Mom 0.70 0.10 2.65 -2.73 percent [+]
Consumer Price Index CPI 108.80 108.00 108.80 20.50 Index Points [+]
Harmonised Consumer Prices 101.80 100.80 101.80 75.50 Index Points [+]
Core Consumer Prices 108.70 108.00 108.70 69.80 Index Points [+]
Core Inflation Rate 1.49 1.22 6.29 0.19 percent [+]
Producer Prices 103.40 103.00 107.70 26.50 Index Points [+]
Producer Prices Change 1.00 0.10 22.41 -7.79 percent [+]
Export Prices 104.80 104.30 105.60 38.00 Index Points [+]
Import Prices 99.40 98.70 110.00 41.10 Index Points [+]
Food Inflation 2.30 1.20 8.22 -3.09 percent [+]
Cpi Transportation 106.40 105.30 109.50 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.80 11.54 -7.62 1950 - 2016 percent Monthly



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