{"format":"alysly-page/1","url":"https://alysly.com/interest-rates/inflation/","json":"https://alysly.com/json/interest-rates/inflation/index.json","lang":"en-US","title":"Germany Inflation Rate Today | HICP History and Loss of Purchasing Power","description":"Current inflation rate for Germany and the euro area (HICP, year on year) with long history — and what it leaves of your real return.","modified":"2026-09-01T00:00:00Z","alternates":[{"lang":"de-DE","url":"https://alysly.com/de/zinsen/inflation/","json":"https://alysly.com/json/de/zinsen/inflation/index.json"}],"about":"Machine-readable version of the page at url. It contains the text, tables and key figures published there, but not the interactive charts and tools.","breadcrumb":[{"name":"Rates & inflation","url":"https://alysly.com/interest-rates/"},{"name":"Inflation in Germany and the Euro Area","url":"https://alysly.com/interest-rates/inflation/"}],"content":[{"type":"heading","level":1,"text":"Inflation in Germany and the Euro Area"},{"type":"paragraph","text":"The inflation rate measures how much consumer prices have risen against the same month a year earlier. For long-term wealth building it is the decisive hurdle: only returns above inflation increase purchasing power. The Harmonised Index of Consumer Prices (HICP) shown here is the Europe-wide harmonised measure — it differs slightly from national CPI figures but is comparable across countries."},{"type":"facts","items":[{"label":"Germany inflation rate (HICP, year on year)","value":"3.30%"},{"label":"Euro area inflation rate (HICP, year on year)","value":"3.80%"}]},{"type":"paragraph","text":"As of September 2026 · series since Jan 1, 1999 (333 observations) · change vs previous +0.40."},{"type":"facts","items":[{"label":"All-time high","value":"11.60%"},{"label":"All-time low","value":"-0.70%"},{"label":"Data starts","value":"Jan 1, 1999"},{"label":"Frequency","value":"monthly"}]},{"type":"paragraph","text":"Data note 1","href":"#dn-1"},{"type":"heading","level":2,"text":"History by Year"},{"type":"table","caption":"Year-end values","columns":["Year","Germany inflation rate (HICP, year on year)","Euro area inflation rate (HICP, year on year)"],"rows":[["2026","3.30","3.80"],["2025","2.00","2.00"],["2024","2.80","2.40"],["2023","3.80","2.90"],["2022","9.60","9.20"],["2021","5.70","5.00"],["2020","-0.70","-0.30"],["2019","1.50","1.30"],["2018","1.70","1.50"],["2017","1.50","1.30"],["2016","1.60","1.10"],["2015","0.20","0.30"],["2014","0.10","-0.20"],["2013","1.20","0.80"],["2012","2.10","2.20"],["2011","2.20","2.80"],["2010","1.80","2.20"],["2009","0.90","0.90"],["2008","1.10","1.60"],["2007","3.10","3.10"],["2006","1.40","1.90"],["2005","2.10","2.30"],["2004","2.30","2.30"],["2003","1.10","2.00"],["2002","1.10","2.30"]]},{"type":"heading","level":2,"text":"Relationship With Equity Markets"},{"type":"paragraph","text":"Correlation of changes, not of levels. Two series that both trend for years correlate almost perfectly in levels without any relationship following from it. Values near 0 mean no discernible co-movement."},{"type":"table","caption":"Correlations","columns":["Series","Strongest relationships"],"rows":[["Germany inflation rate (HICP, year on year)","Bitcoin -0.05 n=109 · Nikkei 225 +0.01 n=200 Based on monthly changes"],["Euro area inflation rate (HICP, year on year)","Bitcoin -0.07 n=109 · Nikkei 225 +0.01 n=200 Based on monthly changes"]]},{"type":"heading","level":2,"text":"Real Interest Rate in the Euro Area"},{"type":"image","alt":"Real rate 2026-09: -1.30%"},{"type":"paragraph","text":"January 2015 September 2026"},{"type":"paragraph","text":"Subtracting the inflation rate from the policy rate leaves the real interest rate: what a deposit earning the policy rate still yields after price increases. In September 2026 the ECB deposit rate stood at 2.50% and the euro area inflation rate (HICP) at 3.80%, putting the real rate at -1.30%. Since January 2015 it was negative in 113 of 141 months. It hit its low of -9.85% in October 2022 and its high of 1.80% in September 2024."},{"type":"paragraph","text":"Data note 2","href":"#dn-2"},{"type":"heading","level":2,"text":"Matching Calculators"},{"type":"paragraph","text":"These tools work with exactly these figures:"},{"type":"list","ordered":false,"items":[{"text":"Inflation & Purchasing Power What will your money be worth in the future? See how inflation erodes purchasing power …","href":"https://alysly.com/tools/inflation/"},{"text":"Real (Inflation-Adjusted) Return Nominal return and inflation combined: the return and final value an investment keeps …","href":"https://alysly.com/tools/real-return/"},{"text":"Withdrawal Plan How long a portfolio lasts with a fixed monthly withdrawal at an assumed return, and at …","href":"https://alysly.com/tools/entnahme/"}]},{"type":"heading","level":2,"text":"More Rate and Economy Series"},{"type":"paragraph","text":"ECB Policy Rate German Mortgage Rates German Savings Rates Government Bond Yields US Rates and Economy Labor Market: Germany and the US","links":[{"text":"ECB Policy Rate","href":"https://alysly.com/interest-rates/ecb-policy-rate/"},{"text":"German Mortgage Rates","href":"https://alysly.com/interest-rates/mortgage-rates/"},{"text":"German Savings Rates","href":"https://alysly.com/interest-rates/savings-rates/"},{"text":"Government Bond Yields","href":"https://alysly.com/interest-rates/bond-yields/"},{"text":"US Rates and Economy","href":"https://alysly.com/interest-rates/us-rates/"},{"text":"Labor Market: Germany and the US","href":"https://alysly.com/interest-rates/labor-market/"}]},{"type":"paragraph","text":"Updated Sep 1, 2026"},{"type":"heading","level":2,"id":"note-legend-h","text":"Data Notes"},{"type":"paragraph","text":"How the figures on this page are produced and how current they are. All calculations run automatically and are not investment advice."},{"type":"list","ordered":true,"items":[{"id":"dn-1","text":"Official time series, taken unchanged; the change column is the gap to the previous value."},{"id":"dn-2","text":"Policy rate at month end minus the same month's inflation rate (year over year), since January 2015."}]},{"type":"paragraph","text":"Data and methodology: Alysly · Responsible for content: Alexander Bock","links":[{"text":"Alysly","href":"https://alysly.com/methodology/"},{"text":"Alexander Bock","href":"https://alysly.com/about/"}]},{"type":"paragraph","text":"View all data notes","href":"https://alysly.com/notes/"}],"structured_data":[{"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://alysly.com/#org","name":"Alysly","url":"https://alysly.com/","logo":{"@type":"ImageObject","url":"https://alysly.com/img/icon-512.png","width":512,"height":512},"description":"Data-driven insights, transparent analysis and powerful tools for long-term investors.","email":"mail@alysly.com","contactPoint":{"@type":"ContactPoint","contactType":"customer support","email":"mail@alysly.com","availableLanguage":["de","en"]},"address":{"@type":"PostalAddress","addressLocality":"Haltern am See","postalCode":"45721","addressCountry":"DE"},"founder":{"@id":"https://alysly.com/#founder"},"sameAs":["https://www.linkedin.com/company/alyslycom/","https://www.youtube.com/@alyslycom","https://x.com/alyslycom"],"publishingPrinciples":"https://alysly.com/methodology/"},{"@type":"Person","@id":"https://alysly.com/#founder","name":"Alexander Bock","jobTitle":"Founder and data analyst","url":"https://alysly.com/about/","sameAs":["https://www.linkedin.com/in/abxk/"]},{"@type":"WebSite","@id":"https://alysly.com/#site","url":"https://alysly.com/","name":"Alysly","alternateName":"Alysly Investment Analysis","inLanguage":"en-US","publisher":{"@id":"https://alysly.com/#org"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://alysly.com/markets/stocks/browse/?q={search_term_string}"},"query-input":"required name=search_term_string"}},{"@type":"WebPage","@id":"https://alysly.com/interest-rates/inflation/#webpage","url":"https://alysly.com/interest-rates/inflation/","name":"Inflation in Germany and the Euro Area – Alysly","description":"Current inflation rate for Germany and the euro area (HICP, year on year) with long history — and what it leaves of your real return.","inLanguage":"en-US","isPartOf":{"@id":"https://alysly.com/#site"},"dateModified":"2026-09-01T00:00:00Z","publisher":{"@id":"https://alysly.com/#org"},"mainEntity":{"@id":"https://alysly.com/interest-rates/inflation/#entity"},"primaryImageOfPage":{"@type":"ImageObject","url":"https://alysly.com/og.png","width":1200,"height":630}}]},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Rates & inflation","item":"https://alysly.com/interest-rates/"},{"@type":"ListItem","position":2,"name":"Inflation in Germany and the Euro Area"}]},{"@context":"https://schema.org","@type":"Dataset","@id":"https://alysly.com/interest-rates/inflation/#entity","name":"Germany inflation rate (HICP, year on year)","description":"Current inflation rate for Germany and the euro area (HICP, year on year) with long history — and what it leaves of your real return.","url":"https://alysly.com/interest-rates/inflation/","inLanguage":"en-US","license":"© Eurostat, freie Weiterverwendung mit Quellenangabe","creator":{"@type":"Organization","name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/prc_hicp_minr"},"publisher":{"@id":"https://alysly.com/#org"},"isAccessibleForFree":true,"temporalCoverage":"1999-01-01/2026-09-01","dateModified":"2026-09-01","measurementTechnique":"Official statistics","variableMeasured":{"@type":"PropertyValue","name":"Germany inflation rate (HICP, year on year)","unitText":"%","value":3.3,"measurementTechnique":"Eurostat"}}],"notice":"© 2026 Alysly.com. Not investment advice. All data without guarantee. Financial information is analyzed and presented partly with AI assistance."}