Inflation in Germany

Germany Inflation (eop) | Economic News & Forecasts

Germany - Inflation (end of period)

Inflation eases in January

In January consumer prices fell 0.8% over the previous month largely on the back of seasonal effects; for instance, prices for package holidays dropped significantly, while discounts on winter goods led to cheaper footwear and shoe accessories. Meanwhile, the effects of lower oil and energy prices continued to drive consumer prices further down. On the other hand, prices for foodstuffs increased and limited the drop in consumer prices. January’s noticeable drop in consumer prices contrasts the downwardly revised flat reading in December (previously reported: +0.1% month-on-month). It should be noted that December’s revision was in part due to a revision to the consumer price index as the base year changed from 2011 to 2015, weightings were adjusted and the methodology changed slightly.

Inflation eased from a downwardly revised 1.6% in December (previously reported: 1.7%) to 1.4% in January, the lowest reading in nine months. Annual average inflation was stable at December’s 1.7% while harmonized inflation (HICP) was also stable at 1.7%.

Germany Inflation Forecast

The Met the why particular Consensus Forecasts panelists see CPI inflation averaging 1.9% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees average inflation at 1.7%. In December, the Central Bank expected HICP inflation of 1.4% in 2019 and 1.8% in 2020.

Germany - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)1.4  0.2  0.3  1.7  1.7  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Germany Inflation (eop) Chart

Germany Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Federal Statistics Office and Met the why particular calculations

Germany Facts

Bond Yield0.130.41 %Feb 21
Exchange Rate1.130.65 %Feb 21
Stock Market11,423-0.41 %Feb 21

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form