Germany Consumer Price Index (CPI) y/y

Country:
Germany
EUR, Euro
Sector:
Prices
Low 1.1% 1.1%
1.1%
Last release Importance Actual Forecast
Previous
1.1%
1.1%
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 y/y reflects the percentage change in prices in the reference month compared to the same month in the previous year.

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) y/y" 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
Oct 2019
1.1%
1.1%
1.1%
Oct 2019 prelim.
1.1%
1.2%
1.2%
Sep 2019
1.2%
1.2%
1.2%
Sep 2019 prelim.
1.2%
1.4%
1.4%
Aug 2019
1.4%
1.4%
1.4%
Aug 2019 prelim.
1.4%
1.7%
1.7%
Jul 2019
1.7%
1.7%
1.7%
Jul 2019 prelim.
1.7%
1.6%
1.6%
Jun 2019
1.6%
1.6%
1.6%
Jun 2019 prelim.
1.6%
1.4%
1.4%
May 2019
1.4%
1.4%
1.4%
May 2019 prelim.
1.4%
2.0%
2.0%
Apr 2019
2.0%
2.0%
2.0%
Apr 2019 prelim.
2.0%
1.3%
1.3%
Mar 2019
1.3%
1.3%
1.3%
Mar 2019 prelim.
1.3%
1.6%
1.5%
Feb 2019
1.5%
1.6%
1.6%
Feb 2019 prelim.
1.6%
1.4%
1.4%
Jan 2019
1.4%
1.4%
1.4%
Jan 2019 prelim.
1.4%
1.7%
1.7%
Dec 2018
1.7%
2.0%
1.7%
Dec 2018 prelim.
1.7%
2.3%
2.3%
Nov 2018
2.3%
2.4%
2.3%
Nov 2018 prelim.
2.3%
2.5%
2.5%
Oct 2018
2.5%
2.5%
2.5%
Oct 2018 prelim.
2.5%
2.3%
Sep 2018
2.3%
2.3%
Sep 2018 prelim.
2.3%
2.0%
Aug 2018
2.0%
2.0%
Aug 2018 prelim.
2.0%
2.0%
Jul 2018
2.0%
2.0%
Jul 2018 prelim.
2.0%
2.1%
Jun 2018
2.1%
2.1%
Jun 2018 prelim.
2.1%
2.2%
May 2018
2.2%
2.2%
May 2018 prelim.
2.2%
1.6%
Apr 2018
1.6%
1.6%
Apr 2018 prelim.
1.6%
1.6%
Mar 2018
1.6%
1.6%
Mar 2018 prelim.
1.6%
1.4%
Feb 2018
1.4%
1.4%
Feb 2018 prelim.
1.4%
1.6%
Jan 2018
1.6%
1.6%
Jan 2018 prelim.
1.6%
1.7%
Dec 2017
1.7%
1.7%
Dec 2017 prelim.
1.7%
1.8%
Nov 2017
1.8%
1.8%
Nov 2017 prelim.
1.8%
1.6%
Oct 2017
1.6%
1.6%
Oct 2017 prelim.
1.6%
1.8%

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