Germany’s consumer prices inflation was confirmed at 2.2% in April 2024, unchanged from a nearly three-year-low in the previous month, nearing the European Central Bank’s target of 2.0%. 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 decrease in energy costs (-1.2% vs -2.7%) due to the end of a temporary tax cut on natural gas this month. Core inflation, excluding volatile items like food and energy, declined to 3.0% in April, its lowest level since March 2022. Monthly, the CPI rose 0.5%, the most in 13 months, after a 0.4% gain in March. Meanwhile, the EU-harmonized rate edged higher to 2.4%, up from March's near three-year low of 2.3%. 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.