Inflation Rate in Germany remained unchanged at 2 percent in July. 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 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.

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.

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.

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.

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.

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, the Association of German Chambers of Commerce and Industry forecasts a GDP decrease of 0.5 percent compared to 2023. Due to rising commodity and energy prices triggered by the Russia-Ukraine war, business expectations for 2024 are subdued. High inflation rates negatively affected consumer sentiment and influence the business situation of German companies.

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.

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 Consumer Price Index in Germany increased 0.30 percent in July of 2025 over the previous month. This dataset provides the latest reported value for - Germany Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food 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 Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany Inflation Expectation: Japan data was reported at 45.800 % in Mar 2021. This records an increase from the previous number of 36.300 % for Feb 2021. Germany Inflation Expectation: Japan data is updated monthly, averaging 17.550 % from Dec 1991 (Median) to Mar 2021, with 352 observations. The data reached an all-time high of 77.000 % in May 2006 and a record low of -58.700 % in Dec 2008. Germany Inflation Expectation: Japan 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 2.01 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...

In 2024, the German economy shrunk by 0.2 percent. This was due to persistently high inflation that was triggered by the start of the Russia-Ukraine war in 2022. In 2025 and 2026, the economy is predicted to begin growing again.

In 2024, Germany's real gross domestic product fell by around 0.23 percent compared to the previous year. Keeping it real Real gross domestic product is, by definition, a measure of the value of economic output adjusted for inflation. While nominal gross domestic product (GDP), often only referred to as gross domestic product, reflects the state of a country’s economy including everything produced by the inhabitants within the country, real GDP is a more precise measurement of economic growth since it takes price change into account. Germany’s race to the topGermany’s social market economy is one of the largest worldwide and continues to thrive. One of the strongest industries in Germany is car manufacturing: Several German vehicle manufacturers, like Daimler, Volkswagen, or BMW, are among the major global market players and have brought in billions of euros in revenue in the past years, fueling the economy for years to come.

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;

Services Inflation in Germany decreased to 3.10 percent in July from 3.30 percent in June of 2025. This dataset includes a chart with historical data for Germany Services Inflation.

Graph and download economic data for Real Gross Domestic Product for Germany (CLVMNACSCAB1GQDE) from Q1 1991 to Q1 2025 about Germany, real, and GDP.