What is the current inflation rate in Germany?
The current inflation rate in Germany is 5.14%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in February 2022. In February 2022, the monthly inflation rate was 0.90.
What will inflation look like in Germany in 2024?
The inflation rate in Germany was 1.93 percent in 2018, expected to reach 2.23 percent by 2024. The current rate meets the European Central Bank’s target rate, which is “below, but close to, 2 percent.” Many central bankers favor inflation between 2 and 3 percent, but Germans in particular would rather risk deflation than too much inflation.
What was the inflation rate in Germany in 1950?
The CPI, harmonized to compare with other European countries, was up 5.5 percent on the year and rose 0.9 percent month-on-month. source: Federal Statistical Office Inflation Rate in Germany averaged 2.36 percent from 1950 until 2022, reaching an all time high of 11.54 percent in October of 1951 and a record low of -7.62 percent in June of 1950.
Why does Germany care so much about inflation?
Monetary policy can cause inflation, but Germany has given this responsibility to the European Central Bank (ECB). Importantly, inflation expectations affect inflation, making it a self-fulfilling prophecy. During the eurozone crisis, German politicians were advocating for the ECB to raise interest rates quickly.