Germany CPI

Data Prices

Source: Destatis
Source Link: https://www.destatis.de/
Frequency: Monthly
Next Release(s): April 29th, 2026 8:00 AM

Latest Updates

Germany CPI: March 2026 (Final) 2026-04-10 02:00
Germany CPI: March 2026 (Preliminary) 2026-03-30 08:00
Germany CPI: February 2026 (Final) 2026-03-11 02:00
Germany’s CPI rose +0.2% MoM and +1.9% YoY in February 2026, showing mild monthly price growth.
- Headline CPI inflation was +1.9% YoY (Jan: +2.1%), indicating a modest deceleration in annual consumer price growth.
- Core inflation excluding food and energy stood at +2.5% YoY (Jan: +2.5%), remaining unchanged and above the headline rate.
- Harmonised CPI (HICP) increased +0.4% MoM and +2.0% YoY, slightly higher than the national CPI on an annual basis.
- Services inflation measured +3.2% YoY (Nov: +3.5%), showing easing from late 2025 levels but stable month to month.
- Goods inflation was +0.8% YoY (Jan: +1.0%), indicating modest price increases with variability across months.
- Energy prices fell -1.9% YoY (Jan: -1.7%), continuing to exert downward pressure on the headline rate.
- Food prices increased +1.1% YoY (Jan: +2.1%), showing a slowdown compared with January but still positive annual growth.
Source
Source
Germany’s CPI rose +0.1% MoM and +2.1% YoY in January 2026, indicating a modest monthly uptick alongside slightly firmer annual inflation.
- Core inflation excluding food and energy is estimated at +2.5% YoY, remaining above the headline rate and signaling stronger underlying price growth.
- The Harmonised CPI also increased +2.1% YoY in January, matching the national CPI and confirming a similar annual inflation pace under EU methodology.
- On a monthly basis, the Harmonised CPI declined -0.1% MoM, contrasting with the +0.1% MoM rise in the national CPI and showing mixed short-term price movements.
- Headline inflation had slowed to +1.8% YoY in December 2025 (from +2.3% YoY in October and November), before reaccelerating to +2.1% YoY in January.
- Core inflation eased from +2.8% YoY in October to +2.4% YoY in December, then edged back up to +2.5% YoY in January, indicating a slight rebound after late-2025 cooling.
- Services inflation held elevated at 3.5% YoY through December before easing to +3.2% YoY in January, while goods inflation rebounded to +1.0% YoY from +0.4% YoY in December.
Source
Source
Germany’s CPI slowed to 1.8% YoY in December (from 2.3% in November), marking a broad-based cooling in inflation late in the year.
- The overall index excluding food and energy eased to 2.4% YoY (Nov: 2.7%), the lowest since June 2021, indicating a moderation in underlying inflation pressures.
- Services inflation held steady at 3.5% YoY (unchanged from October and November), remaining the main contributor to headline price growth.
- Goods inflation decelerated sharply to 0.4% YoY (Nov: 1.1%), pointing to a pronounced slowdown in non-services price increases.
- Energy prices declined -1.3% YoY (Nov: -0.1%), deepening the annual contraction and exerting a stronger downward pull on headline inflation.
- Food inflation slowed to 0.8% YoY (Nov: 1.2%), continuing the easing trend seen over recent months.
- Compared with September and October, inflation momentum weakened across most major components, with the exception of services, which remained persistently elevated.
Source
Source
Germany's CPI fell -0.2% MoM (vs -0.3% MoM expected), and the annual rate was unchanged at 2.3% YoY in November, unchanged from October but below expectations of a 2.4% YoY rise.
- Core inflation (excluding food and energy) was estimated at +2.7% YoY, slightly above the headline rate and indicating firmer underlying price pressures.
- HICP inflation was -0.5% MoM and 2.6% YoY in November, above expectations of a -0.6% MoM decline and a smaller acceleration in the annual rate to 2.4% YoY.
- Service inflation held at +3.5% YoY (unchanged from October), remaining the primary driver of overall price growth.
- Goods inflation eased to +1.1% YoY (Oct: +1.2%), showing further moderation in price gains for consumer and manufactured goods.
- Energy prices continued to decline, at -0.1% YoY (Oct: -0.9%), signaling a further easing of energy-related inflation pressures.
- Food inflation eased slightly to +1.2% YoY (Oct: +1.3%), supporting overall stability in headline inflation.
Source
Germany CPI: October 2025 (Final) 2025-11-12 02:00
Germany’s CPI rose +0.3% MoM and +2.3% YoY (vs +2.2% YoY expected) in October 2025 (provisional), marking a slight deceleration from September as lower energy prices partly offset higher service costs.
- Core inflation (excluding food and energy) held steady at +2.8% YoY, remaining above the headline rate and indicating persistent underlying price pressures.
- Service inflation strengthened to +3.5% YoY (from +3.4% in September), maintaining its upward trend.
- Goods inflation slowed to +1.2% YoY (from +1.4%), reflecting easing cost growth in manufactured and consumer goods.
- Energy prices fell -0.9% YoY (after -0.7%), continuing a broad downward trend driven by declines in household energy and motor fuels.
- Food inflation eased to +1.3% YoY (from +2.1%), showing a sharp moderation in price gains across categories.
- The harmonised index of consumer prices (HICP) also increased +0.3% MoM and +2.3% YoY, aligning closely with the national measure.
Source