Germany's inflation rate is projected to stand at 2.3% in February 2025, as measured by the year-on-year change in the Consumer Price Index (CPI). According to preliminary data from the Federal Statistical Office (Destatis), consumer prices are expected to rise by 0.4% compared to January 2025.
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Core inflation, which excludes food and energy prices, is forecasted at 2.6% for February 2025. The Harmonised Index of Consumer Prices (HICP), the metric used for European monetary policy, is projected to increase by 2.8% year-on-year and 0.6% from the previous month.
Inflation trends across sectors
A breakdown of the inflation data shows varying trends across different consumer goods and services:
- Services: Prices rose by 3.8% in February, following a 4.0% increase in January.
- Goods: Price growth remained steady at 0.9%, mirroring January figures.
- Energy: Costs continued to decline, with a 1.8% decrease compared to a 1.6% drop in January.
To help individuals assess their personal inflation rates, the Federal Statistical Office offers an inflation calculator, allowing consumers to tailor the calculation based on their specific spending patterns.
Methodological notes
The HICP and CPI differ in coverage, methodology, and weighting. Unlike the HICP, the CPI includes expenses related to owner-occupied housing, gambling, and broadcasting fees. The HICP is updated annually to reflect shifts in consumption patterns. Further explanations are available on the Federal Statistical Office's website.
The final inflation figures for February 2025 will be published on 14 March 2025.
More information:
Federal Statistical Office (Destatis)
www.destatis.de