Germany’s annual harmonised inflation rate edged up to 2.1% in January 2026 from 2% in December, above market expectations of 2%, preliminary estimates showed. On a monthly basis, harmonised consumer prices decreased 0.1%, after a 0.2% rise in the previous month. source: Federal Statistical Office

Harmonised Inflation Rate YoY in Germany averaged 1.92 percent from 1996 until 2026, reaching an all time high of 11.60 percent in October of 2022 and a record low of -0.70 percent in July of 2009. This page includes a chart with historical data for Germany Harmonised Inflation Rate YoY. Germany Harmonised Inflation Rate YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Harmonised Inflation Rate YoY in Germany is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Harmonised Inflation Rate YoY is projected to trend around 2.10 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 07:00 AM
Harmonised Inflation Rate YoY Final
Dec 2% 2.6% 2% 2.0%
2026-01-30 01:00 PM
Harmonised Inflation Rate YoY Prel
Jan 2.1% 2% 2% 2.1%
2026-02-17 07:00 AM
Harmonised Inflation Rate YoY Final
Jan 2% 2.1% 2.1%


Related Last Previous Unit Reference
CPI 122.80 122.70 points Jan 2026
Core Consumer Prices 117.90 119.10 points Dec 2025
Core Inflation Rate 2.50 2.40 percent Jan 2026
CPI Housing Utilities 118.20 118.20 points Dec 2025
CPI Transportation 128.50 127.90 points Dec 2025
Energy Inflation -1.70 -1.30 percent Jan 2026
Export Prices 115.50 115.60 points Dec 2025
Food Inflation 1.40 1.80 percent Dec 2025
Harmonised Consumer Prices 132.70 132.80 points Jan 2026
Harmonised Inflation Rate MoM -0.10 0.20 percent Jan 2026
Harmonised Inflation Rate YoY 2.10 2.00 percent Jan 2026
Import Prices 111.30 111.40 points Dec 2025
Import Prices MoM -0.10 0.50 percent Dec 2025
Import Prices YoY -2.30 -1.90 percent Dec 2025
Inflation Rate YoY 2.10 1.80 percent Jan 2026
Inflation Rate MoM 0.10 0.00 percent Jan 2026
PPI MoM -0.20 0.00 percent Dec 2025
Producer Prices 125.10 125.40 points Dec 2025
PPI YoY -2.50 -2.30 percent Dec 2025
Rent Inflation 2.20 2.20 percent Dec 2025
Services Inflation 3.20 3.50 percent Jan 2026
Wholesale Prices 117.70 117.90 points Dec 2025
Wholesale Prices MoM -0.20 0.30 percent Dec 2025
Wholesale Prices YoY 1.20 1.50 percent Dec 2025


Germany Harmonised Inflation Rate YoY
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.00 11.60 -0.70 1996 - 2026 percent Monthly
NSA