Current
2.84%
Latest reading
Germany
DE cpi YOY
Germany inflation profileAn export-heavy economy where energy, industrial input costs and euro-area policy feed through consumer prices.
Data Updated & Verified · Aug 2026
Period High
11.55%
Below peak
Period Low
1.86%
Trending down
Net Change
-17.4%
Over selected period
| Date | Metric | Value | MoM Change |
|---|---|---|---|
| 2026-07 | CPI | 2.84% | ▲ +0.49 |
| 2026-06 | CPI | 2.35% | ▼ 0.31 |
| 2026-05 | CPI | 2.66% | ▼ 0.21 |
| 2026-04 | CPI | 2.87% | ▲ +0.07 |
| 2026-03 | CPI | 2.80% | ▲ +0.79 |
| 2026-02 | CPI | 2.01% | ▼ 0.11 |
| 2026-01 | CPI | 2.12% | ▲ +0.08 |
| 2025-12 | CPI | 2.04% | ▼ 0.51 |
| 2025-11 | CPI | 2.55% | ▲ +0.25 |
| 2025-10 | CPI | 2.30% | ▼ 0.05 |
| 2025-09 | CPI | 2.35% | ▲ +0.32 |
| 2025-08 | CPI | 2.03% | ▲ +0.17 |
| 2025-07 | CPI | 1.86% | ▼ 0.12 |
| 2025-06 | CPI | 1.98% | ▼ 0.12 |
| 2025-05 | CPI | 2.10% | ▼ 0.13 |
| 2025-04 | CPI | 2.23% | ▼ 0.12 |
| 2025-03 | CPI | 2.35% | ▼ 0.27 |
| 2025-02 | CPI | 2.62% | ▼ 0.17 |
| 2025-01 | CPI | 2.79% | ▼ 0.05 |
| 2024-12 | CPI | 2.84% | ▲ +0.43 |
| 2024-11 | CPI | 2.41% | ▲ +0.04 |
| 2024-10 | CPI | 2.37% | ▲ +0.51 |
| 2024-09 | CPI | 1.86% | ▼ 0.24 |
| 2024-08 | CPI | 2.10% | ▼ 0.47 |
| 2024-07 | CPI | 2.57% | ▲ +0.02 |
| 2024-06 | CPI | 2.55% | ▼ 0.20 |
| 2024-05 | CPI | 2.75% | ▲ +0.36 |
| 2024-04 | CPI | 2.39% | ▲ +0.04 |
| 2024-03 | CPI | 2.35% | ▼ 0.37 |
| 2024-02 | CPI | 2.72% | ▼ 0.31 |
| 2024-01 | CPI | 3.03% | ▼ 0.71 |
| 2023-12 | CPI | 3.74% | ▲ +1.49 |
| 2023-11 | CPI | 2.25% | ▼ 0.69 |
| 2023-10 | CPI | 2.94% | ▼ 1.31 |
| 2023-09 | CPI | 4.25% | ▼ 2.15 |
| 2023-08 | CPI | 6.40% | ▼ 0.11 |
| 2023-07 | CPI | 6.51% | ▼ 0.23 |
| 2023-06 | CPI | 6.74% | ▲ +0.44 |
| 2023-05 | CPI | 6.30% | ▼ 1.25 |
| 2023-04 | CPI | 7.55% | ▼ 0.19 |
| 2023-03 | CPI | 7.74% | ▼ 1.60 |
| 2023-02 | CPI | 9.34% | ▲ +0.09 |
| 2023-01 | CPI | 9.25% | ▼ 0.35 |
| 2022-12 | CPI | 9.60% | ▼ 1.72 |
| 2022-11 | CPI | 11.32% | ▼ 0.23 |
| 2022-10 | CPI | 11.55% | ▲ +0.57 |
| 2022-09 | CPI | 10.98% | ▲ +2.15 |
| 2022-08 | CPI | 8.83% | ▲ +0.41 |
| 2022-07 | CPI | 8.42% | ▲ +0.11 |
| 2022-06 | CPI | 8.31% | ▼ 0.34 |
| 2022-05 | CPI | 8.65% | ▲ +0.78 |
| 2022-04 | CPI | 7.87% | ▲ +0.24 |
| 2022-03 | CPI | 7.63% | ▲ +2.19 |
| 2022-02 | CPI | 5.44% | ▲ +0.31 |
| 2022-01 | CPI | 5.13% | ▼ 0.54 |
| 2021-12 | CPI | 5.67% | ▼ 0.29 |
| 2021-11 | CPI | 5.96% | ▲ +1.31 |
| 2021-10 | CPI | 4.65% | ▲ +0.66 |
| 2021-09 | CPI | 3.99% | ▲ +0.55 |
| 2021-08 | CPI | 3.44% | ■ 0.00 |
Secular Data Trend Diagnosis
Germany has moved far away from the energy shock
Germany CPI is shown at 2.8% for 2026-07. That is a very different picture from the 11.6% high in the displayed series, when energy costs and industrial inputs were much harder for households and firms to absorb. The latest reading is closer to a normalized inflation environment, but it should not be treated as the end of the story. Energy contracts, wages and services pricing can still lag the headline and keep some bills uncomfortable.
GDP points to a cautious recovery, not a clean boom
The GDP reference is 0.2% for 2026 Q2 — a quarterly growth rate — with the full series back to 1996 averaging around 0.3%. The path includes softer patches, which fits Germany's export-heavy profile. A user should read the latest GDP value as evidence that output is still edging forward, while leaving room for weak external demand or industrial margins to affect the inflation picture.
Industrial costs still shape the household number
Germany is not only a consumer story. Factory energy costs, transport expenses and supplier contracts can travel into retail prices with a delay. That is why CPI can cool from 11.6% to 2.8% while some businesses still talk about cost pressure. The chart shows the headline easing; the practical question is how much of that relief reaches rent, utilities, food and everyday services.
The euro policy backdrop matters
Germany shares monetary policy with the wider euro area, so domestic inflation is not managed in isolation. A 2.8% CPI reading looks much calmer than the peak, but the policy setting also responds to price trends in neighboring economies. Users comparing Germany with France or the Euro Area page can see why a single national chart is useful, but not complete by itself.
The period range keeps the latest number honest
A short chart window can make a small move around 2.8% look more important than it is. The wider view shows the real change: CPI climbed from 1.4% to 7.9%, then cooled steadily toward the latest reading. That shape is the main story. It suggests inflation pressure has receded, while the economy is still working through the after-effects of the high-cost period.
GDP and CPI give different warnings
CPI tells readers that price pressure has cooled. GDP tells them whether the production base is still expanding. Germany's 0.2% GDP growth reading, paired with 2.8% CPI, is a better starting point than either number alone. If GDP softens while CPI is already low, growth becomes the concern. If CPI rises again while GDP holds, cost pressure may be returning.
A lower CPI rate can still leave a high price level behind
Germany's 2.8% CPI reading tells users the pace of inflation has slowed, not that prices have gone back to where they were before the 11.6% peak. That distinction is easy to miss. A household may see slower utility or grocery increases and still feel that the overall bill remains high. The page should therefore frame the latest number as relief in the rate of change, not a reversal of the earlier cost shock.
Comparisons with the Euro Area page are useful
Germany should not be read as an isolated inflation system. The Euro Area page shows the regional CPI line at 2.9%, close to Germany's 2.8% reading, while individual country pages can still differ in energy exposure, wage timing and services pressure. The comparison is useful because it shows Germany sitting near the regional middle rather than at one extreme.
What to watch next
The next useful signs are energy-linked costs, export demand and services wages. If CPI stays near 2.8% while GDP continues to improve, Germany's page will read as a steadier recovery. If CPI rises while industrial demand remains uneven, readers should be careful about assuming that lower headline inflation has solved the pressure facing firms or consumers. The page also gives search users a plain answer to a common question: Germany's inflation rate is lower, but the economy is still tied to factories, energy supply and euro-area demand. That is why the copy keeps the CPI number, GDP context and industry channel in the same view. It helps readers understand the data without pretending every local bill has already normalized.
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Frequently Asked Questions
Why did energy matter so much for Germany? +
Energy matters because Germany imports and uses energy heavily across industry, transport and households. The page shows CPI at 2.8%, down from a 11.6% high, but older energy contracts and input costs can still affect prices after the headline has cooled.
How does euro-area policy enter the picture? +
Germany GDP growth is shown at 0.2% for 2026 Q2, with the long-run quarterly series averaging around 0.3%. The path is not perfectly smooth, but it points to an economy that is still edging forward rather than contracting, which matters when judging whether cooling CPI comes from weaker demand or from easing costs.
What is the role of manufacturing? +
Germany can have lower CPI while some bills still feel high because the inflation rate measures the pace of price change, not whether prices have returned to old levels. A 2.8% CPI reading means prices are rising more slowly than during the 11.6% peak.
Why compare CPI with GDP? +
Euro-area policy matters because Germany shares interest-rate policy with other euro members. The German CPI line is useful, but it should be compared with the Euro Area and France pages when judging the wider policy setting.
When do German CPI updates arrive? +
The latest displayed CPI value is 2.8% for 2026-07, while GDP growth is 0.2% for 2026 Q2. Those releases can lag real conditions, so the chart and table should be read as the most recent confirmed picture rather than a live tick.