Germany Consumer Price Index (CPI) m/m

Country:
Germany
EUR, Euro
Sector:
Prices
Medium 1.9% 0.9%
0.3%
Last release Importance Actual Forecast
Previous
1.9%
1.9%
Next release Actual Forecast
Previous
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The Consumer Price Index (CPI) for Germany measures the average price development of all goods and services, such as food, cars or repairs and rents, for which private households but also foreign tourists spend their money in Germany. It plays a central role in assessing inflation, real economic growth, wage negotiations and the deflation of national accounts.

The calculation is based on a shopping basket with 600 types of goods at the highest level, which remain constant for 5 years and for which price representatives are selected more frequently. Every month, more than 300,000 individual prices are collected manually, partly locally, partly centrally, as with Internet prices. Each of the 600 types of goods is weighted with the expenditure share, which is recorded by approx. 60,000 consumers, and converted into an average value.

The change in the index is calculated as a percentage change. It can be interpreted as a general rate of price change from the consumer's point of view and is calculated according to the following formula:
( 100 * new index level / old index level ) - 100

The consumer price index m/m reflects the percentage change in prices in the reference month compared with the previous month.

The Consumer Price Index is an important tool for measuring inflation and monetary stability and serves as a yardstick for wage bargaining and is included in GDP calculations. If its value rises, this usually has a positive effect on the currency.

Last values:

actual data

forecast

The chart of the entire available history of the "Germany Consumer Price Index (CPI) m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2022 prelim.
1.9%
0.9%
0.3%
Aug 2022
0.3%
0.3%
0.3%
Aug 2022 prelim.
0.3%
0.5%
0.9%
Jul 2022
0.9%
0.9%
0.9%
Jul 2022 prelim.
0.9%
-0.3%
0.1%
Jun 2022
0.1%
0.1%
0.1%
Jun 2022 prelim.
0.1%
0.8%
0.9%
May 2022
0.9%
0.9%
0.9%
May 2022 prelim.
0.9%
1.8%
0.8%
Apr 2022
0.8%
0.8%
0.8%
Apr 2022 prelim.
0.8%
1.7%
2.5%
Mar 2022
2.5%
2.5%
2.5%
Mar 2022 prelim.
2.5%
0.2%
0.9%
Feb 2022
0.9%
0.9%
0.9%
Feb 2022 prelim.
0.9%
0.2%
0.4%
Jan 2022
0.4%
0.4%
0.4%
Jan 2022 prelim.
0.4%
0.4%
0.5%
Dec 2021
0.5%
0.5%
0.5%
Dec 2021 prelim.
0.5%
0.1%
-0.2%
Nov 2021
-0.2%
-0.2%
-0.2%
Nov 2021 prelim.
-0.2%
-0.3%
0.5%
Oct 2021
0.5%
0.5%
0.5%
Oct 2021 prelim.
0.5%
-0.2%
0.0%
Sep 2021
0.0%
0.0%
0.0%
Sep 2021 prelim.
0.0%
0.3%
0.0%
Aug 2021
0.0%
0.0%
0.0%
Aug 2021 prelim.
0.0%
0.7%
0.9%
Jul 2021
0.9%
0.9%
0.9%
Jul 2021 prelim.
0.9%
0.2%
0.4%
Jun 2021
0.4%
0.4%
0.4%
Jun 2021 prelim.
0.4%
-0.1%
0.5%
May 2021
0.5%
0.5%
0.5%
May 2021 prelim.
0.5%
0.2%
0.7%
Apr 2021
0.7%
0.7%
0.7%
Apr 2021 prelim.
0.7%
1.0%
0.5%
Mar 2021
0.5%
0.5%
0.5%
Mar 2021 prelim.
0.5%
0.5%
0.7%
Feb 2021
0.7%
0.7%
0.7%
Feb 2021 prelim.
0.7%
0.4%
0.8%
Jan 2021
0.8%
0.8%
0.8%
Jan 2021 prelim.
0.8%
-0.3%
0.5%
Dec 2020
0.5%
0.5%
0.5%
Dec 2020 prelim.
0.5%
-0.1%
-0.8%
Nov 2020
-0.8%
-0.8%
-0.8%
Nov 2020 prelim.
-0.8%
0.2%
0.1%
Oct 2020
0.1%
0.1%
0.1%
Oct 2020 prelim.
0.1%
-0.2%
-0.2%
Sep 2020
-0.2%
-0.2%
-0.2%
Sep 2020 prelim.
-0.2%
-0.4%
-0.1%
Aug 2020
-0.1%
-0.1%
-0.1%

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