Germany Inflation Rate

The inflation rate in Germany was recorded at 1.04 percent in March of 2014. Inflation Rate in Germany is reported by the Federal Statistics Office. Inflation Rate in Germany averaged 2.48 Percent from 1950 until 2014, reaching an all time high of 11.40 Percent in November of 1951 and a record low of -7.63 Percent in February of 1950. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.04 1.24 11.40 -7.63 1.16 | 2014/04 1950 - 2014 Percent Monthly

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Germany Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-27 01:00 PM Germany
Inflation Rate YoY
Feb 2014 1.2% 1.3% 1.3% 1.58%
2014-03-14 07:00 AM Germany
Inflation Rate YoY Final
Feb 2014 1.2% 1.3% 1.2% 1.2%
2014-03-28 01:00 PM Germany
Inflation Rate YoY
Mar 2014 1.0% 1.2% 1.1% 1.29%
2014-04-11 07:00 AM Germany
Inflation Rate YoY Final
Mar 2014 1.0% 1.2% 1.0% 1.0%
2014-04-29 01:00 PM Germany
Inflation Rate YoY
Apr 2014 1.0% 1.15%
2014-05-14 07:00 AM Germany
Inflation Rate YoY Final
Apr 2014 1.0%
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Prices Last Previous Highest Lowest Forecast Unit
Consumer Price Index (CPI) 106.70 2014-03-15 106.40 106.70 20.50 106.46 2014-04-30 Index Points [+]
Export Prices 104.00 2014-02-15 104.00 105.20 38.00 104.11 2014-03-31 Index Points [+]
Harmonised Consumer Prices 116.40 2014-03-15 116.00 116.40 114.80 116.08 2014-04-30 Index Points [+]
Import Prices 104.70 2014-02-15 104.80 110.00 41.10 104.54 2014-03-31 Index Points [+]
Inflation Rate Mom 0.34 2014-03-15 0.52 1.20 -0.70 0.14 2014-04-30 Percent [+]
Producer Prices 106.20 2014-03-15 106.50 107.70 26.50 106.13 2014-04-30 Index Points [+]
Producer Prices Change -0.90 2014-03-15 -0.93 22.41 -7.79 -1.37 2014-04-30 Percent [+]
Inflation Rate 1.04 2014-03-15 1.24 11.40 -7.63 1.16 2014-04-30 Percent [+]
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Germany Inflation Rate Slows in March

Consumer prices in Germany rose by an annual 1.0 percent in March of 2014, matching the preliminary estimate, and decelerating from 1.2 percent in February. The last time an inflation rate of 1.0 percent was observed was in August of 2010.

As in the previous months, the low inflation rate was due to falling mineral oil product prices (-4.2 percent, of which heating oil: -7.5 percent; motor fuels: –3.1 percent). The prices of energy in general were down 1.6 percent on a year earlier. The general trend of falling energy prices was contrasted especially by increasing electricity prices (+1.9 percent).

The rise in food cost (+2.2 percent) was again higher than the overall inflation rate. Compared with the previous months, however, the increase in prices slowed down markedly. In February 2014, a year-on–year change of +3.5 percent was recorded.  

The prices of goods in general were up 0.6 percent yoy. An upward effect was exerted not only by food but also, for example, by newspapers and periodicals (+5.6 percent) and alcoholic beverages and tobacco products (+3.8 percent). Cost of medical products, too, were higher than a year earlier (+1.8 percent).

Declining prices were recorded not only for energy but also, among other things, for coffee, tea and cocoa (–2.7 percent), consumer electronics (–5.2 percent), information processing equipment (–7.2 percent) and telephones (–8.7 percent).

From February to March, the consumer price index rose by 0.3 percent. Seasonal price rises were observed especially for clothing and footwear (+4.8 percent). Prices of package holidays were slightly up, too (+1.4 percent). A downward effect on the month-on-month rate of change was exerted by price decreases for energy (–0.3 percent) and food (-0.4 percent).

DESTATIS | Joana Taborda | joana.taborda@tradingeconomics.com
4/11/2014 9:06:57 AM

RECENT RELEASES

German Inflation Rate Down to 3-1/2-Year Low
Annual consumer prices in Germany are expected to slow to 1.0 percent in March of 2014, preliminary figures showed. The inflation rate decelerated for the third consecutive month, as energy prices keep falling. Published on 2014-03-28

Germany Inflation Rate Confirmed at 1.2% in February
German consumer prices rose at a slower 1.2 percent in February of 2014, down from 1.3 percent in the previous month and confirming the preliminary estimate released later in February. Published on 2014-03-14


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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