Latest Updates

• Germany CPI: September 2025 (Final) 2025-10-14 02:00

  

  Germany’s consumer price index (CPI) rose +0.2% MoM and +2.4% YoY in September 2025, the second consecutive monthly uptick in inflation, following +2.2% in August, as service costs remained elevated and energy declines moderated.

  • Energy prices fell -0.7% YoY, the fifth straight month of easing but at a slower pace than August (-2.4%), with motor fuel up +1.1% YoY for the first time since May 2024, while household energy declined -1.9%.

  • Food prices rose +2.1% YoY, slower than headline inflation and the lowest increase since January; sugar and confectionery (+6.5%) and fruit (+5.1%) rose most, while edible oils (-3.2%) and vegetables (-2.1%) declined.

  • Core inflation (ex food and energy) edged up to +2.8% YoY (vs +2.7% in August), underscoring persistent price pressures across non-energy goods and services.

  • Service prices increased +3.4% YoY, the highest since early 2024, led by combined passenger transport (+11.2%), social services (+8.2%), health care (+6.5%), and insurance (+6.5%).

  • Goods prices were up +1.4% YoY, with non-alcoholic beverages (+8.2%) and second-hand vehicles (+5.6%) notable drivers, while consumer electronics (-2.7%) and IT equipment (-1.2%) fell.

  • On a monthly basis, goods prices rose +0.4% MoM, supported by a +5.3% increase in clothing, while energy prices slipped -0.1% MoM and food and services each rose +0.1%.

  • The inflation rate excluding energy stood at +2.7% YoY, slightly above recent months, showing broad-based but moderate upward pressure in prices.

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• Germany CPI: September 2025 (Preliminary) 2025-09-30 08:00

  

  Germany’s CPI rose +0.2% MoM and +2.4% YoY in September 2025 (vs +2.3% YoY expected), accelerating from +2.2% in August and marking the highest annual rate since December 2024.

  • Core CPI (ex food and energy) increased to +2.8% YoY, the highest since May, after holding steady at +2.7% in prior months.

  • Services inflation rose to +3.4% YoY, up from +3.1% in both July and August, extending its upward trend.

  • Goods prices increased +1.4% YoY, after +1.3% in August and +1.0% in July, showing a gradual pickup.

  • Energy prices remained negative at -0.7% YoY, though the pace of decline slowed compared with -2.4% in August and -3.4% in July.

  • Food inflation eased slightly to +2.1% YoY from +2.5% in August, continuing its moderation from earlier highs.

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• Germany CPI: August 2025 (Final) 2025-09-12 02:00

  

  Germany’s CPI rose +0.1% MoM and +2.2% YoY in August 2025, a slight pickup from +2.0% YoY in July, while HICP increased +0.1% MoM and +2.1% YoY. All measures were unchanged from the preliminary estimate.

  • Energy prices fell -2.4% YoY, with declines in heating oil (-5.2%), solid fuels (-3.5%), electricity (-1.7%), and district heating (-1.6%), partly offset by natural gas (+0.7%).

  • Food prices rose +2.5% YoY, faster than headline inflation, with sharp increases in fruit (+7.1%), confectionery (+6.9%), dairy & eggs (+3.2%), and meat (+2.9%); edible oils (-1.3%) and vegetables (-1.1%) declined.

  • Core inflation (ex food and energy) held at +2.7% YoY, unchanged from June and July, showing persistent underlying pressures.

  • Service prices increased +3.1% YoY, led by passenger transport (+11.1%), social facilities (+8.1%), in-patient health services (+6.5%), and insurance (+6.4%); only international flights (-8.2%) declined notably.

  • Goods prices rose +1.3% YoY, with non-alcoholic beverages (+8.7%, coffee/tea/cocoa +18.5%) and used cars (+7.2%) notable drivers; electronics (-2.8%) and IT equipment (-2.4%) fell.

  • On a monthly basis, energy was -0.4% MoM (heating oil -4.1%), food was flat (+0.1%), and beverages rose +3.1%, continuing their upward trend since late 2024.

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• Germany CPI: August 2025 (Preliminary) 2025-08-29 08:00

  

  Germany’s CPI rose +0.1% MoM and +2.2% YoY in August 2025 (vs +2.1% YoY expected), slightly above July’s +2.0% YoY pace.

  • Core inflation (ex food and energy) held steady at +2.7% YoY for the third consecutive month.

  • Services inflation was unchanged at +3.1% YoY, continuing its gradual slowdown from earlier in the year.

  • Goods inflation edged up to +1.3% YoY (from +1.0% in July), driven partly by food and energy.

  • Energy prices remained a drag at -2.4% YoY, though the decline eased compared with -3.4% in July.

  • Food inflation moderated to +2.5% YoY (from +2.8% in May), providing a partial offset to energy’s disinflationary effect.

   

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• Germany CPI: July 2025 (Final) 2025-08-13 02:00
  

  Germany’s CPI was confirmed at 0.3% MoM and 2.0% YoY in July 2025, unchanged from 2.0% YoY in June, as falling energy prices offset elevated services inflation.

  • Core inflation (ex food and energy) was 0.3% MoM and 2.7% YoY, unchanged from 2.7% YoY in June; inflation ex-energy was 2.6% YoY.
  • HICP inflation was confirmed at +0.4% MoM and +1.8% YoY.
  • Energy prices fell -3.4% YoY, with declines in motor fuels (-4.5%), heating oil (-5.0%), and electricity (-2.0%), partly offset by a small rise in natural gas (+0.3%).
  • Food prices rose 2.2% YoY, led by fruit (+7.6%), confectionery (+5.6%), and dairy (+4.1%), while vegetables (-3.2%), sugar (-29.4%), and potatoes (-16.1%) fell.
  • Services inflation was 3.1% YoY (vs 3.3% YoY in June), driven by combined passenger transport (+11.3%), postal (+9.0%), and social services (+8.2%), with international flights (-6.8%) down.

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• Germany CPI: July 2025 (Preliminary) 2025-07-31 08:00
  

  Germany’s CPI rose 2.0% YoY in July 2025, unchanged from June and down from 2.1% in April–May.

  • Core inflation (excluding food and energy) held at 2.7% YoY, down from 2.9% in April.
  • Services inflation continued to ease to 3.1% YoY (from 3.3% in June and 3.9% in April).
  • Goods inflation edged up slightly to 1.0% YoY from 0.8% in June.
  • Energy prices remained a drag at -3.4% YoY, a smaller decline than -3.5% in June.
  • Food inflation slowed to 2.2% YoY from 2.8% in April–May and 2.0% in June.

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• Germany CPI: June 2025 (Final) 2025-07-10 02:00
  

  Germany’s CPI inflation was confirmed at 0.0% MoM and 2.0% YoY in June 2025, the lowest annual rate since October 2024, as food and energy price disinflation continued to offset elevated services inflation.

  • Core inflation (ex food and energy) was 2.7% YoY. down from 2.8% YoY, and inflation ex-energy was 2.6% YoY, down from 2.7% YoY.
  • Energy prices fell -3.5% YoY, driven by declines in motor fuels (-4.6%), heating oil (-5.6%), and electricity (-2.4%).
  • Food inflation slowed to 2.0% YoY, with large disparities: fruit (+7.4%), dairy (+3.6%), but vegetables (-3.0%) and sugar (-28.6%).
  • Services inflation remained elevated at 3.3% YoY, led by transport (+11.4%), social services (+8.5%), and insurance (+8.1%).
  • HICP inflation stood at 0.1% MoM and 2.0% YoY, unchanged from the provisional estimate.

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• Germany CPI: June 2025 (Preliminary) 2025-06-30 08:00
  

  Germany’s CPI was flat MoM and up 2.0% YoY in June, down from 2.1% YoY in May and below the forecast of 2.2% YoY.

  • HICP inflation came in at 0.1% MoM and 2.0% YoY, also below expectations of a 2.2% YoY reading.
  • Core inflation (ex-food and energy) eased to 2.7% YoY from 2.8% in May and 2.9% in April.
  • Services inflation continued to cool, decelerating to 3.3% YoY from 3.4% in May and 3.9% in April.
  • Goods inflation edged down to 0.8% YoY from 0.9% in May.
  • Energy prices remained a drag at -3.5% YoY, following -4.6% in May and -5.4% in April.
  • Food inflation slowed sharply to 2.0% YoY from 2.8% in both April and May.

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• Germany CPI: May 2025 (Final) 2025-06-13 02:00
  

  Germany’s CPI inflation was confirmed at 0.1% MoM and 2.1% YoY in May 2025, unchanged from April, as falling energy prices continued to offset gains in food and services.

  • Core inflation (ex food and energy) was 2.8% YoY, above headline for the 13th consecutive month.
  • HICP inflation was confirmed at 0.2% MoM and 2.1% YoY.
  • Energy prices fell -4.6% YoY, with motor fuels down -6.8% and heating oil down -9.5%.
  • Food inflation remained elevated at 2.8% YoY, led by fruit (+7.4%) and confectionery (+6.6%), despite some deflation in vegetables (-0.2% YoY).
  • Services inflation rose 3.4% YoY, with strong gains in transport (+11.4%) and insurance (+9.4%); rents rose 2.1%.

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• Germany CPI: May 2025 (Preliminary) 2025-05-30 08:00
  

  Germany’s CPI rose 0.1% MoM and 2.1% YoY in May, unchanged from April and in line with expectations. HICP inflation was 0.2% MoM and 2.1% YoY, the lowest since September 2024.

  • Core inflation was 2.8% YoY in May, down from 2.9% in April.
  • Services inflation eased to 3.4% YoY from 3.9%, while goods inflation rose to 0.9% YoY from 0.5%.
  • Energy prices fell -4.6% YoY, less negative than April’s -5.4% drop, and food inflation held steady at 2.8% YoY.

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• Germany CPI: April 2025 (Final) 2025-05-14 02:00
  

  Germany's CPI inflation was confirmed at 0.4% MoM and 2.1% YoY in April, down from 2.2% YoY in March.

  • HICP inflation was confirmed at 0.5% MoM and 2.2% YoY, up from 2.1% YoY in March.
  • Core inflation bounced 0.5% MoM and 2.9% YoY, up from 2.6% YoY.
  • Services inflation increased 0.4 ppts to 3.9% YoY.
  • Goods inflation fell -0.5 ppts to 0.5% YoY on slower food price growth (-0.2 ppts to 2.8% YoY) and more deflation in energy (-5.4% YoY).
  • On a monthly basis, recreation & culture (+0.6% MoM), alcohol & tobacco (+0.6% MoM), and clothing & footwear (+1.2% MoM) all saw moderately strong increases.

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• Germany CPI: April 2025 (Preliminary) 2025-04-30 08:00
  

  Germany's CPI inflation was 0.4% MoM and 2.1% YoY in April, down from 2.2% YoY in March and and slightly above expectations of 0.3% MoM and 2.0% YoY.

  • Core inflation bounced to 2.9% YoY, up from 2.6% YoY.
  • Services inflation increased 0.4 ppts to 3.9% YoY.
  • Goods inflation fell -0.5 ppts to 0.5% YoY on slower food price growth (-0.2 ppts to 2.8% YoY) and more deflation in energy (-5.4% YoY).
  • HICP inflation was 0.5% MoM and 2.2% YoY, up from 2.1% YoY in March and above expectations of a 2.1% YoY reading.

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