The inflation rate in Germany was confirmed at 1.4 percent year-on-year in May 2019, down from the previous month's five-month high of 2 percent, as both energy and services prices rose at a softer pace. Inflation Rate in Germany averaged 2.37 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 1.90 percent in 2020, according to our econometric models.

Germany Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 12:00 PM Inflation Rate YoY Prel 2% 1.3% 1.6% 1.3%
2019-05-14 06:00 AM Inflation Rate YoY Final 2% 1.3% 2% 2%
2019-05-31 12:00 PM Inflation Rate YoY Prel 1.4% 2% 1.6% 1.5%
2019-06-13 06:00 AM Inflation Rate YoY Final 1.4% 2% 1.4% 1.4%
2019-06-27 12:00 PM Inflation Rate YoY Prel 1.4% 1.4%
2019-07-11 06:00 AM Inflation Rate YoY Final 1.4%
2019-07-30 12:00 PM Inflation Rate YoY Prel



German May Inflation Rate Confirmed at 1.4%

The inflation rate in Germany was confirmed at 1.4 percent year-on-year in May 2019, down from the previous month's five-month high of 2 percent, as both energy and services prices rose at a softer pace.

Goods prices increased 1.8 percent in May, the same pace as in the previous month, as a slowdown in energy inflation offset a pick up in food inflation. Gains were also recorded for other goods such as newspapers and periodicals (4.9 percent) and tobacco products (3.8 percent). However, a marked declined was recorded for mobile phones (-9.6 percent) and consumer electronics (-6.9 percent).

Energy prices advanced 4.2 percent (vs 4.6 percent in April), boosted by motor fuel prices (4.6 percent), heating oil (3.7 percent), district heating (5.5 percent), natural gas (3.4 percent), and electricity (3.2 percent).

Meanwhile, food cost increased 0.9 percent in May, accelerating from a 0.8 percent rise in April, as vegetable prices increased substantially (8.7 percent). Price rises were also recorded for fish, fish products and seafood (2.9 percent) and for bread and cereals (2.3 percent). In contrast, prices fell considerably for fruit (-7.6 percent) and edible fats and oils (-4.9 percent).
 
Services inflation slowed sharply to 1.2 percent from 2.1 percent. This was mainly attributable to the decrease in package holiday prices (-9.0 percent). Price increases were observed, among other things, for long-distance coach journeys (19.0 percent), services of social facilities (5.1 percent), maintenance and repair of vehicles (4.7 percent) and catering services in restaurants, cafes and the like (2.8 percent). Another major factor contributing to the development of service prices was the increase in net rents exclusive of heating expenses (1.4 percent), as households spend a large part of their consumption expenditure on this item.

On a monthly basis, the consumer price index rose 0.2 percent in May, easing from a 1 percent jump in April. This was mainly due to prices of long-distance coach journeys (7.6 percent). Prices were also up for motor fuels (4.0 percent), fruit (1.8 percent) and vegetables (0.9 percent). Energy costs increased by 1.6 percent. In contrast, package holiday prices were down (-2.4 percent). In May, passengers paid also less for passenger transport by air (-3.6 percent) and by rail (-1.7 percent) compared with a month earlier.

The harmonised index of consumer prices went up 1.3 percent from the previous year (vs 2.1 percent in April); and 0.3 percent month-over-month (vs 1 percent in April).


Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
6/13/2019 9:50:08 AM



Germany Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 2.00 11.54 -7.62 percent [+]
Inflation Rate Mom 0.20 1.00 2.65 -2.73 percent [+]
Consumer Price Index CPI 105.40 105.20 107.00 20.50 Index Points [+]
Harmonised Consumer Prices 105.70 105.40 105.70 75.50 Index Points [+]
Core Consumer Prices 105.40 105.20 105.90 69.80 Index Points [+]
Core Inflation Rate 1.40 1.80 6.29 0.19 percent [+]
Producer Prices 105.30 105.40 105.40 25.50 Index Points [+]
Producer Prices Change 1.90 2.50 22.40 -7.80 percent [+]
Export Prices 102.60 102.40 102.60 36.20 Index Points [+]
Import Prices 102.80 102.50 109.20 40.80 Index Points [+]
Food Inflation 0.80 0.50 8.22 -3.09 percent [+]
CPI Housing Utilities 104.90 104.70 108.70 57.60 Index Points [+]
CPI Transportation 108.00 106.90 109.50 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 2.00 11.54 -7.62 1950 - 2019 percent Monthly




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 4.66 May/19
Canada 2.40 May/19
China 2.70 May/19
Euro Area 1.20 May/19
France 0.90 May/19
Germany 1.40 May/19
India 3.05 May/19
Indonesia 3.32 May/19
Italy 0.80 May/19
Japan 0.90 Apr/19
Mexico 4.28 May/19
Netherlands 2.40 May/19
Russia 5.10 May/19
Saudi Arabia -1.50 May/19
Singapore 0.80 Apr/19
South Africa 4.50 May/19
South Korea 0.70 May/19
Spain 0.80 May/19
Switzerland 0.60 May/19
Turkey 18.71 May/19
United Kingdom 2.00 May/19
United States 1.80 May/19


Related

Latest