Inflation Germany 2008
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in July at 3.3%. The lowest inflation was in December at 1.1%.
- Highest month
- July: 3.3%
- Lowest month
- December: 1.1%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 10.1%. The lowest price increase was in Communication with an average of -3.4%.
- Highest increase
- Education: 10.1%
- Lowest increase
- Communication: -3.4%
Historical Context
Current inflation is 0.7% higher than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 1.6%
- All-time high (1992)
- 5.1%
- All-time low (1999)
- 0.6%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- December: -2.1 percentage points
ECB Target
Inflation is 0.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 2.9% | +1.2 |
| February | 2.8% | +1.1 |
| March | 3.1% | +1.2 |
| April | 2.4% | +0.3 |
| May | 3.0% | +0.9 |
| June | 3.2% | +1.3 |
| July | 3.3% | +1.3 |
| August | 3.1% | +1.0 |
| September | 2.8% | +0.1 |
| October | 2.4% | -0.4 |
| November | 1.3% | -2.0 |
| December | 1.1% | -2.1 |
| Average | 2.6% |
Data source
Data from OECD. Last updated: 11/01/2026.