Inflation in Germany: Trends and Forecasts
March 2024 Forecast
According to estimates, the inflation rate in Germany is projected to reach 22% in March 2024.
Recent Inflation Data
September 2022
Inflation soared to 100% in September 2022, driven by double-digit increases in consumer prices.
2023 Annual Inflation
For the entire year of 2023, Destatis reported an inflation rate of 59%, a decrease from the 69% recorded in 2022.
October 2023
In October 2023, consumer price increases accelerated, resulting in an inflation rate of 104%.
Significance of the Inflation Figure
The inflation figure released by Germany's Federal Statistical Office (Destatis) is a key indicator of price changes in the country.
In August 2008, the annual inflation rate surpassed 3%, marking the first time since that year that inflation had reached such a high level.
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