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2024: Down to 2.7%
Inflation in Germany in February 2024 was 2.7% year-on-year, which coincided with the forecast.
2023
The reduction in state subsidies for gas, electricity and food caused inflation to accelerate in December to 3.8%
Inflation in Germany accelerated in December 2023 to its fastest pace in three months at 3.8% year-on-year, up from 2.3% a month earlier, according to a harmonized consumer price index published by the federal statistics agency.
Cuts to government subsidies for gas, electricity and food, which began in 2022, have triggered a re-acceleration of annual inflation in much of Europe.
Resumption of inflation growth to 9.3%
Inflation in Germany has accelerated, a fresh blow to the ECB. Consumer prices rose 9.3% year-over-year in February 2023; forecast - 9%.
The cost of food rose to nearly 22% in February, the steepest increase since the start of the temporary row in the early 1990s.
Pasta prices rose in price by a third and sugar by 70% compared to last year.
2022
December inflation slowdown to 8.6%
Annual inflation in Germany in December 2022 slowed to 8.6% from 10% a month earlier.
Food inflation 21%
Inflation growth to 10.4% - a record since 1951
According to the final estimate, annual inflation in Germany in October 2022 accelerated to a record 10.4%, the highest since December 1951.
Consumer prices, harmonized with EU standards, increased by 11.6% in October in annual terms, according to final data from Destatis.
Inflation in September 10%
Inflation in Germany jumped to 10% in September 2022.
Inflation in July - 7.5%, industrial - 37.2%
July
In July, the producer price Germany index (PPI) rose 37.2% year-over-year, the highest on record.
In July, PPI jumped 5.3% m/m. This is also the highest increase compared to the previous month.
Growth in May to 7.6% - a record for 40 years
In May 2022, inflation in Germany reached another all-time high. Consumer prices in the continent's largest economy rose 8.7% in May from a year ago. Analysts polled by Bloomberg had forecast growth of 8.1%.
Inflation in Germany jumped to its highest level in 40 years. The figure was the highest since the fall of 1981. Consumer prices in March 2022 rose 7.6% from the previous year, beating analysts' expectations of 6.8%.
In March, Germany's producer price index (PPI) jumped 30.9% YoY, the highest since statistics began in 1949. Energy prices as a whole were up 83.8% from the previous year.
Consumer prices rose 5.5% year-over-year in February 2022; 5.4% was expected.
ECB officials warn that the current situation is likely to continue for a long time.
The German producer price index jumped 25.9% YoY in February. This is the highest increase since statistics began in 1949. PPI excluding energy increased by 12.4% YoY.
Energy prices continue to exert the greatest upward pressure: natural gas (125.4%), electricity (66.5%), oil products prices (35.4%).
2021: Up to 5.3%
In May 2021, inflation in Germany rose to its highest level since October 2018 after local authorities began lifting restrictions.
Consumer prices in the largest economy Europe rose 2.4% in May, beating economists' forecasts for 2.3% growth. The indicators supplemented the rise in prices Spain in and. Italy
Germany's Bundesbank said inflation in the country could rise to 4% in 2021, something not seen since the euro was introduced more than two decades ago.
Inflation in Germany in November 2021 rose to 5.2%, and in December to 5.3% - the maximum since June 1992 (5.8%).
Germany's producer price index (PPI) jumped 24.2% YoY in December 2021 and topped all forecasts. The highest increase since statistics began in 1949.
1932: Deflation policy leads to unemployment and Hitler's rise to power
1923: Hyperinflation
1922: Hyperinflation
See also
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