Inflation Rate in Germany remained unchanged at 2.10 percent in May. 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.

Die Inflationsrate in Deutschland lag im Mai 2025 voraussichtlich bei 2,1 Prozent, somit haben sich die Verbraucherpreise gegenüber dem Vorjahresmonat gleich weniger stark erhöht wie im Vormonat. Im September hatte die Teuerungsrate mit 1,6 Prozent den tiefsten Stand seit Februar 2021 erreicht. Ab Juli 2021 stieg die Inflation in Deutschland an und erreichte in den Jahren 2022 und 2023 ein Rekordniveau. Verantwortlich dafür waren unter anderem Basiseffekte, die auf die coronabedingte Senkung der Mehrwertsteuer in der zweiten Jahreshälfte 2020 und den damit einhergehenden sinkenden Preisen bei vielen Gütern zurückzuführen waren. Im Vergleich zum Vorjahr waren zudem die Preise für Mineralölprodukte und andere energieerzeugende Rohstoffe stark gestiegen, diese Entwicklung wurde durch den Krieg in der Ukraine weiter verstärkt. Seit der zweiten Jahreshälfte 2023 ist die Inflationsrate wieder deutlich zurückgegangen. Laut Destatis hat sich insbesondere die Situation bei den Energiepreisen entspannt, der Preisanstieg bei Nahrungsmitteln hat sich ebenfalls verlangsamt. Der Vergleich von Inflationsrate und Kerninflation zeigt, dass die Gesamtteuerung von Anfang 2022 bis Mitte 2023 von den Preissteigerungen bei Nahrungsmitteln und Energie angetrieben wurde, in den letzten Monaten wirkte die Preisentwicklung im Energie-Bereich hingegen preisdämpfend. Ohne Berücksichtigung der Preisentwicklung von Nahrungsmitteln und Energie lag die Teuerungsrate bei 2,8 Prozent. Die Preiserhöhungen bei Dienstleistungen wirken in den letzten Monaten laut Destatis inflationstreibend, genau wie bei Nahrungsmitteln. Was ist Inflation? Mit dem Begriff Inflation wird die Geldentwertung, also das Absinken des Geldwertes, bezeichnet. Verbraucher und Unternehmen bemerken diese Entwertung durch ein Ansteigen des Preisniveaus für Endprodukte wie Konsumgüter (z.B. Nahrungsmittel) oder Investitionsgüter (wie z.B. Maschinen). Der Verbraucherpreisindex bildet die Preisentwicklung für die privaten Verbrauchsausgaben ab und zeigt bei einer Steigerung des Indexes die aktuelle Höhe der Inflation an (siehe auch die jährliche Inflationsrate). Wie wird die Inflationsrate ermittelt? Die Inflationsrate errechnet sich aus dem Preisanstieg eines durch das Statistische Bundesamt definierten Produktwarenkorbs. Dieser Warenkorb enthält eine möglichst repräsentative Auswahl verschiedener Waren und Dienstleistungen des täglichen Bedarfs, für die ein durchschnittlicher Endverbraucher bzw. Haushalt in Deutschland im Jahresverlauf Geld ausgibt. Hierin enthalten sind unter anderem Ausgaben für Lebensmittel, Bekleidung, Miete, Strom, Telekommunikation, Freizeitausgaben und Rohstoffe (bspw. Benzin, Heizöl) sowie staatliche Gebühren und Steuern. Der Warenkorb wird laufend aktualisiert, damit immer diejenigen Gütervarianten in die Preisbeobachtung eingehen, welche von den Konsumenten aktuell häufig gekauft werden. Die durchschnittliche Preisentwicklung für eine Güterart wird dann jeweils mit dem Ausgabenanteil gewichtet, welchen die privaten Haushalte in Deutschland für diese Güterart ausgeben. Die Inflationsrate hängt demzufolge nicht nur davon ab, wie sich die Preise für die Produkte des Warenkorbes ändern, sondern auch davon, mit welchem Gewicht die Preisentwicklungen der einzelnen Güter in den Verbraucherpreisindex eingehen. Im sog. Wägungsschema ist festgelegt, welches Gewicht die Waren und Dienstleistungen im Verbraucherpreisindex haben. Das Wägungsschema wird alle fünf Jahre angepasst.Weitere Informationen zur Entwicklung der Inflation erfahren Sie in unserem Report zum Thema.

Core consumer prices in Germany increased 2.80 percent in May 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.

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.

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.

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.

Harmonised Inflation Rate YoY in Germany decreased to 2.10 percent in May from 2.20 percent in April of 2025. This dataset includes a chart with historical data for Germany Harmonised Inflation Rate YoY.

Germany inflation rate for 2024 was 2.26%, a 3.69% decline from 2023.

<ul style='margin-top:20px;'>

<li>Germany inflation rate for 2023 was <strong>5.95%</strong>, a <strong>0.93% decline</strong> from 2022.</li>
<li>Germany inflation rate for 2022 was <strong>6.87%</strong>, a <strong>3.81% increase</strong> from 2021.</li>
<li>Germany inflation rate for 2021 was <strong>3.07%</strong>, a <strong>2.92% increase</strong> from 2020.</li>
</ul>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.

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.

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.

L'inflation des prix à la production (IPP) en Allemagne a diminué de 0,20 % en mai par rapport à -0,60 % en avril 2025. Cette dataset présente un graphique avec des données historiques sur l'inflation des prix à la production en Allemagne MoM.

Germany Inflation Expectation: USA data was reported at 75.800 % in Apr 2025. This records an increase from the previous number of 52.300 % for Mar 2025. Germany Inflation Expectation: USA data is updated monthly, averaging 31.900 % from Dec 1991 (Median) to Apr 2025, with 401 observations. The data reached an all-time high of 86.300 % in Nov 2016 and a record low of -88.300 % in Jun 2023. Germany Inflation Expectation: USA data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Germany was 2.09 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.17 percent. Compared to a year ago, we see a decrease from the inflation...

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Germany (CPGRLE01DEM657N) from Feb 1962 to Nov 2023 about core, Germany, all items, CPI, inflation, price index, indexes, and price.

Inflation Expectation: Germany: Increase data was reported at 25.700 % in Apr 2025. This records a decrease from the previous number of 29.800 % for Mar 2025. Inflation Expectation: Germany: Increase data is updated monthly, averaging 28.700 % from Dec 1991 (Median) to Apr 2025, with 401 observations. The data reached an all-time high of 84.900 % in Jun 2021 and a record low of 0.600 % in Jun 2023. Inflation Expectation: Germany: Increase data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

For 2024, economic experts predict a 2.2 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 two percent until 2026.

Services Inflation in Germany decreased to 3.40 percent in May from 3.90 percent in April of 2025. This dataset includes a chart with historical data for Germany Services Inflation.

Rent Inflation in Germany remained unchanged at 2.10 percent in April. This dataset includes a chart with historical data for Germany Rent Inflation.

Inflation, monthly percent change in the CPI in Germany, May, 2025 The most recent value is 0.15 percent as of May 2025, a decline compared to the previous value of 0.46 percent. Historically, the average for Germany from February 1996 to May 2025 is 0.16 percent. The minimum of -1.31 percent was recorded in January 2015, while the maximum of 2.47 percent was reached in March 2022. | TheGlobalEconomy.com

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Germany (CPGRLE01DEQ657N) from Q2 1962 to Q3 2023 about core, Germany, all items, CPI, inflation, price index, indexes, and price.