Germany's annual inflation rate was revised lower to 1.5 percent in February 2019 from a preliminary estimate of 1.6 percent and compared to January's 11-month low of 1.4 percent. Food prices rose less than initially thought. Inflation Rate in Germany averaged 2.38 percent from 1950 until 2019, 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 1.40 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 1.80 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
2019-01-30 01:00 PM Inflation Rate YoY Prel 1.4% 1.7% 1.6% 1.6%
2019-02-21 07:00 AM Inflation Rate YoY Final 1.4% 1.6% 1.4% 1.4%
2019-02-28 01:00 PM Inflation Rate YoY Prel 1.6% 1.4% 1.5% 1.5%
2019-03-14 07:00 AM Inflation Rate YoY Final 1.5% 1.4% 1.6% 1.6%
2019-03-28 01:00 PM Inflation Rate YoY Prel 1.5% 1.5% 1.4%
2019-04-11 06:00 AM Inflation Rate YoY Final 1.5%
2019-04-30 12:00 PM Inflation Rate YoY Prel



Germany February Inflation Rate Revised Down to 1.5%

Germany's annual inflation rate was revised lower to 1.5 percent in February 2019 from a preliminary estimate of 1.6 percent and compared to January's 11-month low of 1.4 percent. Food prices rose less than initially thought.

Goods prices advanced 1.7 percent year-on-year in February (vs 1.3 percent in January), due to an acceleration in energy and food prices. Price rises were also recorded for other goods, especially newspapers and periodicals (5.1 percent) and tobacco products (3.1 percent). However, prices of telephones (-7.1 percent) and consumer electronics (-6.1 percent) were lower.

Energy prices advanced 2.9 percent (vs 2.3 percent in January), boosted by heating oil (14.2 percent), electricity, gas and other fuels (4.3 percent) and motor fuels (0.1 percent).

Cost of food increased 1.4 percent, compared to a preliminary 1.5 percent and January's 0.8 percent rise. Price increases were observed for vegetables (12.2 percent), including potatoes (32.4 percent); and edible fats and oils (6.5 percent), including butter (11.1 percent). Meanwhile, fruit prices fell by 6 percent, as well as dairy products and eggs prices (-1.7 percent).
 
Services inflation was unchanged at 1.4 percent, with the cost of rents advancing by 1.4 percent. Additional upward pressure came from: services of social facilities (4.6 percent); maintenance and repair of vehicles (4 percent); and catering services in restaurants, cafes and the like (2.3 percent). Meantime, consumers paid less for package holidays (-3.4 percent).
 
On a monthly basis, the consumer price index went up 0.4 percent in February, reversing a 0.8 percent drop in January and slightly below a preliminary estimate of 0.5 percent. Package holiday prices were markedly up (10.7 percent), as well as costs for clothing (3.6 percent), plants and flowers (2.4 percent). In addition, food prices increased 0.5 percent, in particular vegetable prices (3.6 percent), and energy prices edged up 0.2 percent. A month-on-month increase in prices was recorded especially for heating oil (1.1 percent). The price of motor fuel, in contrast, was somewhat lower (-0.2 percent).

The harmonised index of consumer prices rose 1.7 percent from the previous year, the same as in January; and 0.5 percent month-over-month (vs -1 percent in January).


Destatis | Chusnul Ch Manan | chusnul@tradingeconomics.com
3/14/2019 12:44:56 PM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.40 11.54 -7.62 percent [+]
Inflation Rate Mom 0.40 -0.80 2.65 -2.73 percent [+]
Consumer Price Index CPI 103.80 103.40 107.00 20.50 Index Points [+]
Harmonised Consumer Prices 103.90 103.40 105.40 75.50 Index Points [+]
Core Consumer Prices 103.80 103.30 105.90 69.80 Index Points [+]
Core Inflation Rate 1.30 1.20 6.29 0.19 percent [+]
Producer Prices 105.00 105.10 105.10 25.50 Index Points [+]
Producer Prices Change 2.60 2.60 22.40 -7.80 percent [+]
Export Prices 102.20 102.10 102.60 36.20 Index Points [+]
Import Prices 102.20 102.40 109.20 40.80 Index Points [+]
Food Inflation 1.30 0.70 8.22 -3.09 percent [+]
CPI Housing Utilities 104.30 104.10 108.70 57.60 Index Points [+]
CPI Transportation 104.50 104.40 109.50 57.30 Index Points [+]


Germany Inflation Rate

In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed by Alcoholic beverages & tobacco, Communication and Education. . 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.40 11.54 -7.62 1950 - 2019 percent Monthly




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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