Inflation Germany 2004
Average inflation: 1.7%
Inflation in 2004
Inflation is low at 1.7%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 2.2%. The lowest inflation was in February at 0.8%.
- Highest month
- December: 2.2%
- Lowest month
- February: 0.8%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Health with an average of 19.3%. The lowest price increase was in Recreation and culture with an average of -0.9%.
- Highest increase
- Health: 19.3%
- Lowest increase
- Recreation and culture: -0.9%
Historical Context
Inflation is around the 5-year average of 1.5%.
- 5-year average
- 1.5%
- 10-year average
- 1.4%
- All-time high (1992)
- 5.1%
- All-time low (1986)
- -0.1%
Trend
Over the period 2002-2004, inflation has remained relatively stable. Compared to 2003, inflation has risen by 0.7 percentage points.
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- May: +1.5 percentage points
ECB Target
Inflation is 0.3 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 1.1% | +0.1 |
| February | 0.8% | -0.4 |
| March | 1.0% | -0.1 |
| April | 1.7% | +0.8 |
| May | 2.1% | +1.5 |
| June | 1.8% | +0.9 |
| July | 1.8% | +0.8 |
| August | 1.9% | +0.8 |
| September | 1.8% | +0.8 |
| October | 1.9% | +0.8 |
| November | 1.9% | +0.7 |
| December | 2.2% | +1.1 |
| Average | 1.7% |
Data source
Data from OECD. Last updated: 08/05/2026.