The annual inflation rate in Germany accelerated for a third consecutive month to 2.6% in December 2024 from 2.2% in November and above market forecasts of 2.4%, preliminary estimates showed. It is the highest inflation reading in eleven months, as prices rose at a faster pace for services (4.1% vs 4%) and food (2% vs 1.8%) and fell much less for energy (-1.7% vs -3.7%). Compared to the previous month, the CPI rose 0.4%, rebounding from a 0.2% drop in November and above forecasts of 0.3%. Excluding food and energy, core inflation edged higher to 3.1% from 3%. The annual average inflation rate in 2024 is expected to be 2.2%. Meanwhile, the EU-harmonised CPI rose 2.8% on the year and 0.7% on the month, also above forecasts of 2.6% and 0.5% respectively. source: Federal Statistical Office

Inflation Rate in Germany increased to 2.60 percent in December from 2.20 percent in November of 2024. Inflation Rate in Germany averaged 2.50 percent from 1950 until 2024, reaching an all time high of 11.70 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 January of 2025.

Inflation Rate in Germany increased to 2.60 percent in December from 2.20 percent in November of 2024. 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. In the long-term, the Germany Inflation Rate is projected to trend around 1.90 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-10 07:00 AM Inflation Rate YoY Final Nov 2.2% 2% 2.2% 2.2%
2025-01-06 01:00 PM Inflation Rate YoY Prel Dec 2.6% 2.2% 2.4% 2.5%
2025-01-16 07:00 AM Inflation Rate YoY Final Dec 2.2% 2.6% 2.6%

Components Last Previous Unit Reference
Baden Wuerttemberg CPI YoY 2.60 2.20 percent Dec 2024
Bavaria CPI MoM 3.00 0.50 percent Jan 2025
Brandenburg CPI YoY 2.40 1.90 percent Dec 2024
Energy Inflation -1.70 -3.70 percent Dec 2024
Food Inflation 2.44 2.84 percent Nov 2024
Hesse CPI YoY 2.40 2.00 percent Dec 2024
North Rhine Westphalia CPI YoY 2.50 1.90 percent Dec 2024
Saxony CPI YoY 3.20 2.90 percent Dec 2024
Services Inflation 4.10 4.00 percent Dec 2024

Related Last Previous Unit Reference
CPI 119.90 120.20 points Nov 2024
Core Consumer Prices 116.00 116.30 points Nov 2024
Core Inflation Rate 3.10 3.00 percent Dec 2024
CPI Housing Utilities 116.30 116.30 points Nov 2024
CPI Transportation 123.80 124.90 points Nov 2024
Export Prices 114.80 114.50 points Oct 2024
Harmonised Consumer Prices 129.30 130.20 points Nov 2024
Harmonised Inflation Rate MoM 0.70 -0.70 percent Dec 2024
Harmonised Inflation Rate YoY 2.80 2.40 percent Dec 2024
Import Prices 113.50 112.50 points Nov 2024
Inflation Rate YoY 2.60 2.20 percent Dec 2024
Inflation Rate MoM 0.40 -0.20 percent Dec 2024
PPI MoM 0.50 0.20 percent Nov 2024
Producer Prices 128.40 127.70 points Nov 2024
PPI YoY 0.10 -1.10 percent Nov 2024
Wholesale Prices 116.20 116.20 points Nov 2024

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 of Alcoholic beverages & tobacco, Communication and Education.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.20 11.70 -7.62 1950 - 2024 percent Monthly


News Stream
Germany Inflation Rate Rises More Than Expected
The annual inflation rate in Germany accelerated for a third consecutive month to 2.6% in December 2024 from 2.2% in November and above market forecasts of 2.4%, preliminary estimates showed. It is the highest inflation reading in eleven months, as prices rose at a faster pace for services (4.1% vs 4%) and food (2% vs 1.8%) and fell much less for energy (-1.7% vs -3.7%). Compared to the previous month, the CPI rose 0.4%, rebounding from a 0.2% drop in November and above forecasts of 0.3%. Excluding food and energy, core inflation edged higher to 3.1% from 3%. The annual average inflation rate in 2024 is expected to be 2.2%. Meanwhile, the EU-harmonised CPI rose 2.8% on the year and 0.7% on the month, also above forecasts of 2.6% and 0.5% respectively.
2025-01-06
German Inflation Rate Confirmed at 4-Month High
Germany’s annual inflation rate rose to 2.2% in November 2024, up from 2% in October, in line with preliminary estimates, and marking the highest level in four months. Services inflation remained unchanged at 4%, while energy costs declined at a slower pace (-3.7% vs -5.5% in October). Meanwhile, food inflation slowed to 1.8%, compared to 2.3% in the previous period. On a monthly basis, consumer prices fell by 0.2%, matching initial estimates, following a 0.4% rise in October. Core inflation, which excludes volatile food and energy prices, reached a six-month high of 3% in November. The EU-harmonised inflation rate remained at 2.4% annually, confirming initial estimates. Month-on-month, harmonised consumer prices declined by 0.7%, in line with initial data, reversing a 0.4% increase from the prior month.
2024-12-10
Germany Inflation Rate Rises Less than Expected
Germany's annual inflation rate rose to 2.2% in November 2024, up from 2% in October but slightly below market expectations of 2.3%, marking the highest level in four months, according to preliminary estimates. Services inflation was steady at 4% while cost of goods eased (1.8% vs 2.3%). However, energy prices declined less (-3.7% vs -5.5%) amid base effects. On a monthly basis, consumer prices fell 0.2%, following a 0.4% increase in October, aligning with forecasts. Core inflation, which excludes volatile food and energy prices, was at a six-month high of 3% in November. Meanwhile, the EU-harmonised inflation rate remained at 2.4% annually, matching expectations. Month-on-month, harmonised consumer prices declined by 0.7%, sharper than the forecasted 0.5% drop and reversing a 0.4% increase from the prior month.
2024-11-28