Consumer prices in Germany increased 1 percent year-on-year in January of 2021, the first rise in seven months and above market forecasts of 0.7 percent, preliminary estimates showed. The temporary reduction in the VAT rate aimed to revive the economy during the coronavirus crisis ended on December 31st. Higher CO2 prices and an increase in minimum wages from January also accounted for the CPI rise. On a monthly basis, inflation increased to 0.8 percent from 0.5 percent, above forecasts of 0.4 percent. The harmonized index went up 1.6 percent year-on-year and 1.4 percent month-over-month. source: Federal Statistical Office
Inflation Rate in Germany averaged 2.34 percent from 1950 until 2021, reaching an all time high of 11.54 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 February of 2021.
Inflation Rate in Germany is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Germany to stand at 1.30 in 12 months time. In the long-term, the Germany Inflation Rate is projected to trend around 1.60 percent in 2022, according to our econometric models.