Germany CPI

Data Prices

Source: Destatis
Source Link: https://www.destatis.de/
Frequency: Monthly
Next Release(s): August 29th, 2025 8:00 AM

Latest Updates

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’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’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’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’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’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'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'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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Germany’s CPI inflation rates for March were confirmed at 0.3% MoM and 2.2% YoY, down from 2.3% YoY in February.
- Core inflation was 0.6% MoM and, on an annual basis, was revised up slightly, from the initial estimate of 2.5% YoY to 2.6% YoY.
- Services inflation was also revised up slightly, from the initial estimate of 3.4% YoY to 3.5% YoY.
- HICP inflation was confirmed at 0.4% MoM and 2.3% YoY, easing from 2.6% YoY in February.
- Month-on-month price increases were observed for clothing (+4.3% MoM) and package holidays (+3.1% MoM) mainly due to seasonal factors.
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Germany's CPI inflation cools slightly to 0.3% MoM and 2.2% YoY in March, down from 2.3% YoY in February and in line with expectations.
- Core inflation eases to 2.5% YoY, down from 2.7% YoY and the lowest since June 2021.
- Services inflation cooled 0.4 ppts to 3.4% YoY, the lowest annual increase since April 2024.
- Goods inflation saw a small increase of 0.1 ppts to 1.0% YoY on faster food price growth (+0.5 ppts to 2.9% YoY) that was partially offset by less deflation in energy.
- HICP inflation was 0.4% MoM and 2.3% YoY, down from 2.6% YoY in February and below expectations of a 2.4% YoY reading. This is the lowest YoY increase since September 2024.
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German CPI inflation in February was confirmed at 0.4% MoM and 2.3% YoY.
- Food inflation confirmed at 2.4% YoY, up 1.1% MoM.
- Energy inflation was revised up 0.2 ppts to -1.6% YoY as household energy prices were down -2.2% YoY.
- Core CPI inflation was up 2.7% YoY, revised up from 2.6% YoY.
- Both goods and services inflation were confirmed at 0.9% YoY and 3.8% YoY.
- Notably, HICP inflation in February was revised down from 0.6% MoM and 2.8% YoY to 0.5% MoM and 2.6% YoY.
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Germany’s CPI inflation was 0.4% MoM and 2.3% YoY in February, unchanged changed from 2.3% YoY in January.
- Energy prices were down -1.8% YoY, lower than -1.6% YoY previously.
- Food inflation saw a large acceleration from 0.8% YoY to 2.4% YoY.
- Core CPI inflation eased 0.3 ppts to 2.6% YoY.
- Goods inflation was unchanged at 0.9% YoY, and services inflation slowed from 4.0% YoY to 3.8% YoY.
- HICP inflation was 0.6% MoM and 2.8% YoY, above expectations of 0.5% MoM and 2.7% YoY.
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