Germany Inflation Rate

Last Release

Jun 30, 2024

Actual

2.2

Units In

2.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
11.54 Oct 1951	-7.62 Jun 1950	2.48 %	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

Annual inflation rate in Germany fell to 2.2% in June 2024, down from 2.4% in the previous month, consistent with preliminary estimates. Prices slowed for goods (0.8% vs 1% in May), while energy costs dropped at a faster pace (-2.1% vs -1.1%), counterbalancing a quicker increase in food prices (1.1% vs 0.6%). Excluding food and energy, core inflation rate moderated to 2.9%, the lowest reading since February 2022, from 3% in each of the prior two months. On a monthly basis, consumer prices grew 0.1%, the same as in the previous period. Considering the EU-harmonised CPI, the annual rate decreased to 2.5% from 2.8%, while the monthly rate stood at 0.2%, unchanged from May.