Inflation Rate in Germany decreased to 2 percent in June from 2.10 percent in May of 2025. This dataset 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.

The German inflation rate has returned to normal levels of around 2.2 percent, based on preliminary figures for 2024. Compared to skyrocketing rates in 2022 and 2023, this can be seen as an improvement of the national economic situation. Various factors influenced the recent development of inflation in Germany. These are the same that pushed inflation levels around the rest of the world, particularly since the beginning of the Russia-Ukraine war in 2022. The most recent recorded annual inflation rate in Germany is within the normal range defined by central banks internationally, which is generally between 1.5 and four percent a year. The 2.2 percent for 2024 are not only noticeably lower than the preceding two years, but also less than in 2021, one of the COVID-19 pandemic lockdown years in Germany. 2022 and 2023 followed on the heels of the challenges posed by the pandemic which were already straining the national economy: supply chain interruptions and delays, transport problems, labor shortages across sectors and industries. These issues continue to partially impact the economy today.

The inflation rate in Germany was 1.35 percent in 2019. The current rate meets the European Central Bank’s target rate, which is “below, but close to, 2 percent.” Many central bankers favor inflation between 2 and 3 percent, but Germans in particular would rather risk deflation than too much inflation.

Causes of inflation

Central bankers like low, stable inflation because this is a sign of a growing economy. When the economy grows, workers become more productive and spend more, and prices slowly rise. Monetary policy can cause inflation, but Germany has given this responsibility to the European Central Bank (ECB). Importantly, inflation expectations affect inflation, making it a self-fulfilling prophecy.

The German context

During the eurozone crisis, German politicians were advocating for the ECB to raise interest rates quickly. This would have reduced inflation, possibly causing deflation, but would have presented another hurdle for the struggling Greek economy. This is because of the hyperinflation of the Weimar Republic in the 1920s, when Germans carried their pay home in wheelbarrows because the banknotes had lost so much value. Ever since, Germans often warn that inflation harms pensioners and that personal provisions are necessary in any case. Fortunately for them, this statistic forecasts stable, modest inflation that does not alarm many economists.

For 2024, economic experts predict a *** percent inflation rate growth in Germany. Therefore, prices are expected to rise slower, one reason being that energy commodity prices have fallen significantly again. Nevertheless, the economic institutes do not expect the inflation rate to fall to *** percent until 2026.

Graph and download economic data for Inflation, consumer prices for Germany (FPCPITOTLZGDEU) from 1960 to 2024 about Germany, consumer, CPI, inflation, price index, indexes, and price.

In February 2025, based on preliminary figures, consumer prices in Germany increased by 2.3 percent compared to the same month of the previous year. The inflation rate is calculated using the price increase of a product basket defined by the German Federal Statistical Office. This product basket contains services and products, on which the average consumer spends money throughout the year. This includes expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (i.e. gas, oil), as well as federal fees and taxes.The term inflation means the devaluation of money caused by the increase of the price level of products (consumer goods, investment goods). The Consumer Price Index shows the price trends for private consumption expenses and shows the current inflation level when increasing.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Germany was 2.01 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.09 percent. Compared to a year ago, we see a decrease from the inflation...

Inflation, GDP deflator (annual %) in Germany was reported at 3.106 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Germany - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Germany: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 2.3 percent, a decline from 5.9 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Germany from 1960 to 2024 is 2.7 percent. The minimum value, -0.1 percent, was reached in 1986 while the maximum of 7 percent was recorded in 1973.

Core consumer prices in Germany increased 2.70 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Germany Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany: Inflation forecast: The latest value from 2030 is 2.18 percent, unchanged from 2.18 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Germany from 1992 to 2030 is 2.06 percent. The minimum value, -0.6 percent, was reached in 2020 while the maximum of 10.81 percent was recorded in 2022.

Between January 2018 and May 2025, Germany's inflation rate experienced significant volatility. Initially fluctuating between 0.3 and 3.1 percent, the rate escalated dramatically, reaching a peak of 10.4 percent in October 2022. By September 2024, the inflation rate had moderated to 1.6 percent. However, inflation began rising again towards the end of 2024, standing at 2.6 percent in December. Early 2025 saw inflation decrease to 2.2 percent. The European Central Bank (ECB) responded to these inflationary pressures with a series of interest rate adjustments. After maintaining historically low rates, the ECB initiated its first rate hike since March 2016 in July 2022, raising the rate to 0.5 percent. The interest rate continued to increase, stabilizing at 4.5 percent from September 2023 to June 2024. In a notable shift, June 2024 marked the first rate cut during this period. It was followed by a series of rate cuts until the end of the year, with the last cut in 2024 setting the rate at 3.15 percent. Two further cuts were implemented in early 2025, setting the rate at 2.65 percent in March 2025.

Harmonised Inflation Rate YoY in Germany decreased to 2 percent in June from 2.10 percent in May of 2025. This dataset includes a chart with historical data for Germany Harmonised Inflation Rate YoY.

2.3 (%) in 2024. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Germany DE: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 6.143 % in 2023. This records an increase from the previous number of 6.092 % for 2022. Germany DE: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 2.088 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 7.632 % in 1970 and a record low of -0.344 % in 2000. Germany DE: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;Median;

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Germany (CPGRLE01DEA657N) from 1963 to 2022 about core, Germany, all items, CPI, inflation, price index, indexes, and price.

Germany DE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 5.268 % in 2022. This records an increase from the previous number of 3.020 % for 2021. Germany DE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 1.504 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 5.306 % in 1992 and a record low of -0.489 % in 2000. Germany DE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

This statistic shows the average inflation rate in the DACH countries from 2020 to 2030*. The DACH region includes Germany, Austria, and Switzerland. In 2024, the average inflation rate in Austria amounted to about **** percent compared to the previous year.

Inflation, consumer prices (annual %) in Germany was reported at 2.2565 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Germany - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.