Inflation rate in Germany 1992-2024| Statista

The German inflation rate has returned to normal levels of around 2.2 percent, based on preliminary figures for 2024. Compared to skyrocketing rates in 2022 and 2023, this can be seen as an improvement of the national economic situation. Various factors influenced the recent development of inflation in Germany. These are the same that pushed inflation levels around the rest of the world, particularly since the beginning of the Russia-Ukraine war in 2022.

The most recent recorded annual inflation rate in Germany is within the normal range defined by central banks internationally, which is generally between 1.5 and four percent a year. The 2.2 percent for 2024 are not only noticeably lower than the preceding two years, but also less than in 2021, one of the COVID-19 pandemic lockdown years in Germany. 2022 and 2023 followed on the heels of the challenges posed by the pandemic which were already straining the national economy: supply chain interruptions and delays, transport problems, labor shortages across sectors and industries. These issues continue to partially impact the economy today.

Inflation rate in Germany from 1992 to 2024 (change of CPI compared to the previous year)

Characteristic	Year-on-year change
'24¹	2.2%
'23	5.9%
'22	6.9%
'21	3.1%
'20	0.5%
'19	1.4%
'18	1.8%
'17	1.5%
'16	0.5%
'15	0.5%
'14	1%
'13	1.5%
'12	1.9%

0%1%2%3%4%5%6%7%8%

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Release date

January 2025

More information

Region

Germany

Survey time period

1992 to 2024

Supplementary notes

¹ Preliminary figures.

To access this statistic, click the web link and type the code "61111-0001" into the search bar.

The inflation rate shows the increase of the consumer price index compared to the year before. Figures from 1992 to 2022 are based on the index year 2020 (Index 2020 = 100).

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