Energy price inflation rate in Germany 2019-2024, by commodity
The inflation rates of energy commodity prices in Germany began to significantly increase in 2021, a rise that continued throughout 2022. The gas inflation rate stood at 23 percent in December 2023 after it had peaked in November 2022 at 82 percent. These increases in inflation were driven by tighter fossil fuel supplies since many economies began recovering from the coronavirus pandemic, and further worsened by supply fears following the Russia-Ukraine war. However, in 2024, the HCIP has decreased compared to the previous year.