What is Germany's current inflation rate?

Germany's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 3.3% as of September 2026 This is a flash estimate and may be revised at the final release..

Is Germany's inflation above or below the ECB's 2% target?

At 3.3%, it is 1.3 percentage points above the European Central Bank's 2% target.

How does Germany's inflation compare with the rest of Europe?

Germany ranks number 18 of 30 European economies by inflation, 0.5 points below the eurozone average of 3.8%.

Did Germany's inflation rise or fall last month?

Month on month, the headline rate rose from 2.9% to 3.3% in September 2026.

🇩🇪Germany inflation rate

released 2 Oct 2026 · data through September 2026 · flash estimate · next release expected 17 Oct 2026

Germany joined the euro at its launch in 1999. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 3.3% as of September 2026. That is 1.3 percentage points above the ECB's 2% target, and 0.5 points below the eurozone average of 3.8%.

The breakdown shows core (excluding energy and food) at 2.5%, energy at 13.4%, food at 1.1% and services at 2.8%. The strongest pressure is in energy (13.4%), while food is the softest (1.1%).

Month on month the headline rose from 2.9% to 3.3%, extending the climb.

Germany ranks number 18 of 30 European economies by annual inflation, from highest to lowest, between France and Norway.

Harmonised inflation (HICP) · annual rate

3.3%

vs 2% target

+1.3 pp

Harmonised inflation (HICP) is 3.3% as of September 2026 — that is 1.3 percentage points above the ECB's 2% target.

core (excluding energy and food)

2.5%

▼ 0.1 pp vs prev

energy

13.4%

▲ 4.0 pp vs prev

food

1.1%

▲ 0.2 pp vs prev

services

2.8%

▼ 0.1 pp vs prev

Germany — annual HICP inflation rate, last 10 years

Source: Eurostat (HICP) · data through September 2026 · modifications: none

Compare with the rest of Europe on the European inflation ranking →

Frequently asked questions

What is Germany's current inflation rate?: Germany's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 3.3% as of September 2026 This is a flash estimate and may be revised at the final release..
Is Germany's inflation above or below the ECB's 2% target?: At 3.3%, it is 1.3 percentage points above the European Central Bank's 2% target.
How does Germany's inflation compare with the rest of Europe?: Germany ranks number 18 of 30 European economies by inflation, 0.5 points below the eurozone average of 3.8%.
Did Germany's inflation rise or fall last month?: Month on month, the headline rate rose from 2.9% to 3.3% in September 2026.

🇩🇪Germany inflation rate

Frequently asked questions

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