Germany Inflation Rate

Last Release

Oct 31, 2024

Actual

Units In

1.6

Frequency

Monthly

Next Release

Nov 28, 2024

Time to Release

16 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
11.54 Oct 1951	-7.62 Jun 1950	2.47 %	1950-2024	Federal Statistical Office

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.

Latest Updates

The annual inflation rate in Germany was confirmed at 2.0% in October 2024, accelerating from September’s three-and-a-half-year low of 1.6% and matching preliminary estimates. This marked the highest inflation in three months, as services inflation (4% vs 3.8% in September) and food (2.3% vs 1.6%) accelerated while rebounding for goods prices (0.4% vs -0.3%). Additionally, energy costs declined at a slower pace (-5.5% vs -7.6%), mainly due to smaller drops in heating oil (-13.4% vs -17.9) and household energy (-3.2% vs 4.0%), amid base effects. Electricity and natural gas prices also fell by 5.5% and 0.8%, respectively. Excluding food and energy, core inflation rose to 2.9% in October from 2.7% in September. On a monthly basis, the CPI increased by 0.4%, after being flat in the previous month. Furthermore, the EU-harmonised CPI accelerated to 2.4% year-on-year from 1.8%, while rising 0.4% month-on-month after edging down 0.1% in September.