Germany Inflation Rate

Last Release

Dec 31, 2024

Actual

2.6

Units In

2.2

Frequency

Monthly

Next Release

Jan 31, 2025

Time to Release

14 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
11.54 Oct 1951	-7.62 Jun 1950	2.47 %	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

Germany's annual inflation rate was confirmed at 2.6% in December 2024, marking the third consecutive month of acceleration and up from 2.2% in November. This was the highest inflation reading since January, driven by faster price increases for services (4.1% vs. 4% in November) and food (2% vs. 1.8%), while energy prices declined more modestly (-1.6% vs. -3.7%). On a monthly basis, the CPI rose by 0.5%, rebounding from a 0.2% decline in November, revising higher from preliminary estimates of a 0.4% gain. For the full year, the annual average inflation rate stood at 2.2%, down from 5.9% in 2023. Excluding food and energy, core inflation for 2024 was 3%, compared to 5.1% in the previous year. Meanwhile, the EU-harmonised inflation rate increased by 2.8% year-over-year, matching initial estimates. Monthly, harmonised consumer prices rose by 0.7%, reversing a 0.2% decline from the prior period, aligning with preliminary data.