Germany's consumer price inflation stood at 2.2% in April 2024, holding steady at its lowest level since May 2021 and slightly below market forecasts of 2.3%, a preliminary estimate showed. A slowdown in services inflation (3.4% vs 3.7% in March) was offset by a rebound in food prices (0.5% vs -0.7%) and a smaller decline in energy costs (-1.2% vs -2.7%) due to the end of a temporary tax cut on natural gas this month. Meanwhile, the EU-harmonized rate edged higher to 2.4%, up from March's near three-year low of 2.3%, slightly surpassing the market consensus of 2.3%. Core inflation, excluding volatile items like food and energy, dipped to 3.0% in April, its lowest level since March 2022. source: Federal Statistical Office

Inflation Rate in Germany remained unchanged at 2.20 percent in April. Inflation Rate in Germany averaged 2.50 percent from 1950 until 2024, reaching an all time high of 11.70 percent in October of 1951 and a record low of -7.62 percent in June of 1950. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.

Inflation Rate in Germany remained unchanged at 2.20 percent in April. Inflation Rate in Germany is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Inflation Rate is projected to trend around 2.10 percent in 2025 and 1.90 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-12 06:00 AM Inflation Rate YoY Final Mar 2.2% 2.5% 2.2% 2.2%
2024-04-29 12:00 PM Inflation Rate YoY Prel Apr 2.2% 2.2% 2.3% 2.3%
2024-05-14 06:00 AM Inflation Rate YoY Final Apr 2.2% 2.2% 2.2%

Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.10 2.30 percent Apr 2024
Bavaria CPI MoM 2.50 2.30 percent Apr 2024
Brandenburg CPI YoY 3.00 2.80 percent Apr 2024
Energy Inflation -1.20 -2.70 percent Apr 2024
Food Inflation 0.15 1.62 percent Mar 2024
Hesse CPI YoY 1.90 1.60 percent Apr 2024
North Rhine Westphalia CPI YoY 2.30 2.30 percent Apr 2024
Saxony CPI YoY 2.70 2.50 percent Apr 2024
Services Inflation 3.40 3.68 percent Apr 2024

Related Last Previous Unit Reference
CPI 119.10 118.60 points Apr 2024
Core Consumer Prices 114.30 113.50 points Mar 2024
Core Inflation Rate 3.00 3.30 percent Apr 2024
CPI Housing Utilities 115.30 115.30 points Mar 2024
CPI Transportation 125.10 123.70 points Mar 2024
Export Prices 113.90 113.80 points Mar 2024
Harmonised Consumer Prices 128.80 128.00 points Apr 2024
Harmonised Inflation Rate MoM 0.60 0.60 percent Apr 2024
Harmonised Inflation Rate YoY 2.40 2.30 percent Apr 2024
Import Prices 111.90 111.50 points Mar 2024
Inflation Rate YoY 2.20 2.20 percent Apr 2024
Inflation Rate MoM 0.50 0.40 percent Apr 2024
PPI MoM 0.20 -0.40 percent Mar 2024
Producer Prices 127.30 127.10 points Mar 2024
PPI YoY -2.90 -4.10 percent Mar 2024
Wholesale Prices 131.20 130.90 points Mar 2024

Germany Inflation Rate
In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed of Alcoholic beverages & tobacco, Communication and Education.
Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 11.70 -7.62 1950 - 2024 percent Monthly


News Stream
Germany's Inflation Rate Decline Hits a Stall
Germany's consumer price inflation stood at 2.2% in April 2024, holding steady at its lowest level since May 2021 and slightly below market forecasts of 2.3%, a preliminary estimate showed. A slowdown in services inflation (3.4% vs 3.7% in March) was offset by a rebound in food prices (0.5% vs -0.7%) and a smaller decline in energy costs (-1.2% vs -2.7%) due to the end of a temporary tax cut on natural gas this month. Meanwhile, the EU-harmonized rate edged higher to 2.4%, up from March's near three-year low of 2.3%, slightly surpassing the market consensus of 2.3%. Core inflation, excluding volatile items like food and energy, dipped to 3.0% in April, its lowest level since March 2022.
2024-04-29
Germany's Inflation Rate Confirmed at 2.2%
Germany’s consumer prices inflation was confirmed at 2.2% in March 2024, down from 2.5% in the previous month. It was the lowest rate since May 2021, nearing the European Central Bank’s target of 2.0%. Food prices declined for the first time since February 2015 (-0.7% vs 0.9% in February), while the ongoing deflation for energy accelerated (-2.7% vs -2.4%). Furthermore, the goods inflation eased sharply to 1.0% compared to 1.8% in February. On the other hand, the services inflation rose faster to 3.7% from 3.4% previously. Core inflation, excluding volatile items like food and energy, edged down to 3.3% in March, its lowest level since June 2022. Monthly, the CPI grew 0.4%, the same pace as in the prior period. Meanwhile, the EU-harmonized rate fell to 2.3%, the lowest level in nearly three years and slightly below the market estimates of 2.4%
2024-04-12
German Inflation Rate Falls to Near 3-Year Low
Germany's consumer price inflation dipped to 2.2% in March 2024 from 2.5% in the previous month, aligning with market forecasts, a preliminary estimate showed. It was the lowest rate since May 2021, moving closer to the European Central Bank's target of 2.0%. Additionally, the EU-harmonized rate also declined to 2.3%, the lowest level in nearly three years and slightly below the market consensus of 2.4%. The goods inflation slowed sharply to 1.0% from February's 1.8%, as energy cost decreased at a faster pace (-2.7% vs -2.4%) and food prices fell for the first time since February 2015 (-0.7 vs 0.9%). Meanwhile, the services inflation picked up to 3.7% from 3.4%. Core inflation, excluding volatile items like food and energy, edged down to 3.3% in March, its lowest level since June 2022.
2024-04-02