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

Consumer prices in Germany rose 0.3 percent year-on-year in June of 2016, following a 0.1 percent rise in May and matching preliminary estimates. While cost of energy fell at a slower pace, cost of services rose further. On a monthly basis, consumer prices rose 0.1 percent, following a 0.3 percent increase in May and in line with expectations. The harmonized index of consumer prices (HICP) rose 0.2 percent from a year earlier after remaining unchanged in May. On a month-on-month basis, the index rose 0.1 percent, slowing from 0.4 percent in the preceding month. Inflation Rate in Germany averaged 2.41 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
0.30 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-10 06:00 AM May 0.1% -0.1% 0.1% 0.1%
2016-06-29 12:00 PM Jun 0.3% 0.1% 0.3% 0.3%
2016-07-12 06:00 AM Jun 0.3% 0.1% 0.3% 0.3%
2016-07-28 12:00 PM Jul 0.3% 0.3% 0.4%
2016-08-12 06:00 AM Jul 0.3%
2016-08-30 12:00 PM Aug 0.3%

German Inflation Rate Confirmed at 0.3% in June


Consumer prices in Germany rose 0.3 percent year-on-year in June of 2016, following a 0.1 percent rise in May and matching preliminary estimates. While cost of energy fell at a slower pace, cost of services rose further.

Year-on-year, energy cost (total) decreased by 6.4 percent, following a 7.9 percent drop in May. Prices were down the most for: heating oil (-19.0 percent), motor fuels (-9.4 percent). Charges also fell for central and district heating (-9.1 percent) and gas (-2.8 percent). In contrast, cost of electricity rose 0.9 percent. 

Cost of food and non-alcoholic beverages rose 0.1 percent, after remaining unchanged in the previous month. Prices went up for vegetables (+4.6 percent, including potatoes: +19.1 percent), fruits (+2.6 percent) and fish and fish products (+3.2 percent). In contrast, prices were down for dairy products (incuding curd: -16.3 percent; UHT milk: -11.0 percent; sliced cheese: -8.2 percent) and edible oils and fats (-4.5 percent,  especially butter: –11.7 percent).

Cost of goods as a whole fell by 0.8 percent, following a 0.9 percent drop in the preceding month. Cost of services rose 1.4 percent in June from 1.2 percent in a month earlier. Among goods, lower prices were recorded for coffee, tea  and cocoa (-3.7 percent, including unground coffee: -5.4 percent). In contrast, prices rose for newspapers and periodicals (+4.3 percent), tobacco products (+4.6 percent) and jewelry, clocks and watches (+5.8 percent). Among services, higher cost were seen for net rents exclusive of heating expenses (+1.1 percent), social facilities (+3.8 percent), insurance services (+2.3 percent) and transport services (+1.8 percent). In contrast, prices were down for  telecommunication services (-1.6 percent).

On a monthly basis, consumer prices rose 0.1 percent, following a 0.3 percent increase in May and in line with expectations. Energy prices rose 1.2 percent, slowing from 1.6 percent in the preceding month. Prices went up both for heating oil (+5.2 percent) and motor fuels (+2.7 percent, including supergrade petrol: +2.6 percent, diesel fuel: +3.6 percent). Prices of package holidays also up by 4.3 percent, including those to foreign destinations: +4.6 percent. In contrast, prices fell by 0.4 percent for food with price decreases  were recorded especially for vegetables (-1.8 percent) and dairy products and eggs (−1.6 percent). Noticeable month-on-month price decreases were also observed for clothing (-4.1 percent).

The harmonized index of consumer prices (HICP) rose 0.2 percent from a year earlier after remaining unchanged in May. On a month-on-month basis, the index rose 0.1 percent, slowing from 0.4 percent in the preceding month.

Destatis l Rida Husna | rida@tradingeconomics.com
7/12/2016 7:49:42 AM

Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.10 11.54 -7.62 percent [+]
Inflation Rate Mom 0.10 0.30 2.65 -2.73 percent [+]
Consumer Price Index CPI 107.30 107.20 107.30 20.50 Index Points [+]
Harmonised Consumer Prices 100.30 100.20 100.30 75.50 Index Points [+]
Core Consumer Prices 107.30 107.30 107.50 69.80 Index Points [+]
Core Inflation Rate 1.32 0.94 6.29 0.19 percent [+]
Producer Prices 102.10 101.70 107.70 26.50 Index Points [+]
Producer Prices Change -2.20 -2.70 22.41 -7.79 percent [+]
Export Prices 103.70 103.50 105.60 38.00 Index Points [+]
Import Prices 97.30 96.40 110.00 41.10 Index Points [+]
Food Inflation 0.10 0.00 8.22 -3.09 percent [+]
Cpi Transportation 105.50 104.70 109.50 57.30 Index Points [+]




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