Germany's consumer price inflation rate is expected to pick up to 2.0 percent year-on-year in April 2021, the highest since April 2019 and slightly above market expectations of 1.9 percent, a preliminary estimate showed. Goods prices should advance at a faster pace (2.6 percent vs 1.9 percent in March), boosted by a jump in energy cost (7.9 percent vs 4.8 percent) and a larger increase in food prices (1.9 percent vs 1.6 percent). Meanwhile, services inflation is likely to remain unchanged at 1.6 percent, with rent prices advancing 1.3 percent. On a monthly basis, consumer prices are expected to advance 0.7 percent in April, also above forecasts of a 0.5 percent rise. source: Federal Statistical Office
Inflation Rate in Germany averaged 2.34 percent from 1950 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Inflation Rate in Germany is expected to be 1.50 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 1.70 percent in 2022 and 2.00 percent in 2023, according to our econometric models.