In September 2024, based on preliminary figures, consumer prices in Germany increased by 1.6 percent compared to the same month of the previous year.
The inflation rate is calculated using the price increase of a product basket defined by the German Federal Statistical Office. This product basket contains services and products, on which the average consumer spends money throughout the year. This includes expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (i.e. gas, oil), as well as federal fees and taxes. The term inflation means the devaluation of money caused by the increase of the price level of products (consumer goods, investment goods). The Consumer Price Index shows the price trends for private consumption expenses and shows the current inflation level when increasing.
Inflation rate in Germany from September 2022 to September 2024
(changes compared to the same month last year)
Characteristic
Changes compared to the same month of the previous year
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Statistisches Bundesamt. (September 30, 2024). Inflation rate in Germany from September 2022 to September 2024 (changes compared to the same month last year) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/
Statistisches Bundesamt. "Inflation rate in Germany from September 2022 to September 2024 (changes compared to the same month last year)." Chart. September 30, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/
Statistisches Bundesamt. (2024). Inflation rate in Germany from September 2022 to September 2024 (changes compared to the same month last year). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/
Statistisches Bundesamt. "Inflation Rate in Germany from September 2022 to September 2024 (Changes Compared to The Same Month Last Year)." Statista, Statista Inc., 30 Sep 2024, https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/
Statistisches Bundesamt, Inflation rate in Germany from September 2022 to September 2024 (changes compared to the same month last year) Statista, https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/ (last visited November 21, 2024)
Inflation rate in Germany from September 2022 to September 2024 (changes compared to the same month last year) [Graph], Statistisches Bundesamt, September 30, 2024. [Online]. Available: https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/
