🇩🇪Germany inflation rate

Germany joined the euro at its launch in 1999. Harmonised inflation (HICP) — the EU-wide measure the European Central Bank targets at 2% — stands at 2.7% as of May 2026. That is 0.7 percentage points above the ECB's 2% target, and 0.5 points below the euro-area average of 3.2%.

The breakdown shows core (excluding energy and food) at 2.6%, energy at 5.6%, food at 1.5% and services at 3.4%. The strongest pressure is in energy (5.6%), while food is the softest (1.5%).

Month on month the headline eased from 2.9% to 2.7%, a step down from the month before.