Germany's annual inflation rate slowed to an eight-month low of 1.7 percent in December 2018 from 2.3 percent in the previous month and in line with the preliminary estimates. Energy and food prices rose at a softer pace while services inflation was steady. Inflation Rate in Germany averaged 2.39 percent from 1950 until 2018, reaching an all time high of 11.54 percent in October of 1951 and a record low of -7.62 percent in June of 1950.

Inflation Rate in Germany is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Germany to stand at 1.90 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Germany Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-29 01:00 PM Inflation Rate YoY Prel 2.3% 2.5% 2.4% 2.4%
2018-12-13 07:00 AM Inflation Rate YoY Final 2.3% 2.5% 2.3% 2.3%
2018-12-28 01:00 PM Inflation Rate YoY Prel 1.7% 2.3% 1.9% 2.1%
2019-01-16 07:00 AM Inflation Rate YoY Final 1.7% 2.3% 1.7% 1.7%
2019-01-30 01:00 PM Inflation Rate YoY Prel 1.7%
2019-02-21 07:00 AM Inflation Rate YoY Final 1.7%
2019-02-28 01:00 PM Inflation Rate YoY Prel



Germany December Inflation Confirmed at 8-Month Low

Germany's annual inflation rate slowed to an eight-month low of 1.7 percent in December 2018 from 2.3 percent in the previous month and in line with the preliminary estimates. Energy and food prices rose at a softer pace while services inflation was steady.

Goods inflation eased to 2 percent in December from 3.2 percent in November, due to a slowdown in both of energy (4.8 percent vs 9.3 percent) and food (1.0 percent vs 1.4 percent).

Cost of food increased 1.0 percent, following a 1.4 percent increase in November. Price increases were observed for vegetables (8.1 percent); and meat (0.6 percent). Meanwhile, fruit prices fell by 5.1 percent.
 
On the other hand, energy prices advanced 4.8 percent, after a 9.3 percent rise in a month earlier. Prices increased mainly for: heating oil (16.1 percent); motor fuels (8.6 percent); electricity (1.0 percent). By contrast, gas prices dropped 1.4 percent.
 
Services cost went up 1.5 percent in December, the same pace as in the prior month, with cost of rents advancing by 1.5 percent. Upward pressure came from: maintenance and repair of vehicles (2.6 percent). Meantime, consumers paid less for pre-primary and primary education services (-12.0 percent); and telecommunication services (-0.7 percent).

On a monthly basis, the consumer price index increased by 0.1 percent in December, the same pace as a month earlier and matching preliminary estimates. Prices of energy fell by 4.2 percent, especially due to heating oil (-16.7 percent), and motor fuels (-6.4 percent). Also, price decreases were recorded for clothing (-2.0 percent). Meantime, food prices went up by 0.3 percent, mainly due to vegetables (2.3 percent); and fruit (1.3 percent).
 
The harmonised index of consumer prices went up by 1.7 percent from the previous year; and by 0.3 percent month-over-month.
 
 


Federal Statistical Office l Chusnul Ch Manan | chusnul@tradingeconomics.com
1/16/2019 7:53:53 AM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 2.30 11.54 -7.62 percent [+]
Inflation Rate Mom 0.10 0.10 2.65 -2.73 percent [+]
Consumer Price Index CPI 112.50 112.40 112.50 20.50 Index Points [+]
Harmonised Consumer Prices 105.20 104.90 105.20 75.50 Index Points [+]
Core Consumer Prices 111.90 111.20 111.90 69.80 Index Points [+]
Core Inflation Rate 2.66 1.55 6.29 0.19 percent [+]
Producer Prices 105.10 105.00 105.10 25.50 Index Points [+]
Producer Prices Change 3.30 3.30 22.40 -7.80 percent [+]
Export Prices 102.20 102.60 102.60 36.20 Index Points [+]
Import Prices 103.70 104.70 109.20 40.80 Index Points [+]
Food Inflation 1.00 1.40 8.22 -3.09 percent [+]
CPI Housing Utilities 112.50 113.20 113.20 57.60 Index Points [+]
CPI Transportation 112.40 114.20 114.20 57.30 Index Points [+]


Germany Inflation Rate

In Germany, most important categories in the consumer price index are housing, water, electricity, gas and other fuels (31 percent of the total weight), transport (13 percent), recreation (12 percent) and food and non-alcoholic beverages (10 percent). The index also includes miscellaneous goods and services (7 percent), clothing and footwear (5 percent) and health (4 percent). The remaining 8 percent of the index is composed by: furnishing and household equipment, communications and accommodation and catering services. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.30 11.54 -7.62 1950 - 2018 percent Monthly




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 1.70 Nov/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.80 Nov/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.80 Nov/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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