Germany Harmonised Index of Consumer Prices (HICP) y/y

Country:
Germany
EUR, Euro
Sector:
Prices
Low 3.1% 3.1%
3.1%
Last release Importance Actual Forecast
Previous
2.6%
3.1%
Next release Actual Forecast
Previous
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The Harmonized Index of Consumer Prices (HICP) is also collected monthly for the whole of Germany on the basis of European laws. It covers the prices of constant products, including the excise duties levied on them for all goods and services purchased domestically that are part of private households' consumption expenditure. It serves as a measure of inflation, as a convergence criterion for Europe and as an index for financial instruments.

In addition to the prices collected from catalogs and the Internet but also locally, weightings for different types of goods, business types and the federal states, which are determined from secondary statistics, are also included in the index. For the HICP, an accuracy of 0.1 percentage points is targeted. The basis of prices and weights is adjusted annually, the basis of the index only every ten years.

The provisional values are published shortly before the end of the month, the final values around the middle of the following month. Within Europe, both spatial and temporal comparability is ensured. The Harmonized Index of Consumer Prices, the Consumer Price Index and the Retail Price Index are derived from the same database using different methods.

The Harmonized Index of Consumer Prices y/y reflects a percentage change in the reference month compared to the same month of the previous year.

The Harmonized Index of Consumer Prices is an important tool for measuring inflation and monetary stability and serves as a yardstick for wage bargaining and is included in the calculation of GDP. If the index 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 Harmonised Index of Consumer Prices (HICP) 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
Jan 2024
3.1%
3.1%
3.1%
Jan 2024 prelim.
3.1%
3.9%
3.8%
Dec 2023
3.8%
3.8%
3.8%
Dec 2023 prelim.
3.8%
2.4%
2.3%
Nov 2023
2.3%
2.3%
2.3%
Nov 2023 prelim.
2.3%
2.4%
3.0%
Oct 2023
3.0%
3.0%
3.0%
Oct 2023 prelim.
3.0%
3.3%
4.3%
Sep 2023
4.3%
4.3%
4.3%
Sep 2023 prelim.
4.3%
6.5%
6.4%
Aug 2023
6.4%
6.4%
6.4%
Aug 2023 prelim.
6.4%
6.6%
6.5%
Jul 2023
6.5%
6.5%
6.5%
Jul 2023 prelim.
6.5%
6.9%
6.8%
Jun 2023
6.8%
6.8%
6.8%
Jun 2023 prelim.
6.8%
6.4%
6.3%
May 2023
6.3%
6.3%
6.3%
May 2023 prelim.
6.3%
7.7%
7.6%
Apr 2023
7.6%
7.6%
7.6%
Apr 2023 prelim.
7.6%
6.4%
7.8%
Mar 2023
7.8%
7.8%
7.8%
Mar 2023 prelim.
7.8%
9.4%
9.3%
Feb 2023
9.3%
9.3%
9.3%
Feb 2023 prelim.
9.3%
9.6%
9.2%
Jan 2023
9.2%
9.2%
9.2%
Jan 2023 prelim.
9.2%
9.9%
9.6%
Dec 2022
9.6%
9.6%
9.6%
Dec 2022 prelim.
9.6%
11.8%
11.3%
Nov 2022
11.3%
11.3%
11.3%
Nov 2022 prelim.
11.3%
12.2%
11.6%
Oct 2022
11.6%
11.6%
11.6%
Oct 2022 prelim.
11.6%
11.5%
10.9%
Sep 2022
10.9%
10.9%
10.9%
Sep 2022 prelim.
10.9%
9.2%
8.8%
Aug 2022
8.8%
8.8%
8.8%
Aug 2022 prelim.
8.8%
8.9%
8.5%
Jul 2022
8.5%
8.5%
8.5%
Jul 2022 prelim.
8.5%
8.6%
8.2%
Jun 2022
8.2%
8.2%
8.2%
Jun 2022 prelim.
8.2%
9.2%
8.7%
May 2022
8.7%
8.7%
8.7%
May 2022 prelim.
8.7%
8.2%
7.8%
Apr 2022
7.8%
7.8%
7.8%
Apr 2022 prelim.
7.8%
8.0%
7.6%
Mar 2022
7.6%
7.6%
7.6%
Mar 2022 prelim.
7.6%
5.7%
5.5%
Feb 2022
5.5%
5.5%
5.5%
Feb 2022 prelim.
5.5%
5.3%
5.1%
Jan 2022
5.1%
5.1%
5.1%
Jan 2022 prelim.
5.1%
5.9%
5.7%

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