Inflation Germany 2020
Average inflation: 0.2%
Current Inflation
Inflation is very low at 0.2%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 1.7%. The lowest inflation was in July at -1.0%.
- Highest month
- January: 1.7%
- Lowest month
- July: -1.0%
- Difference
- 2.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Miscellaneous goods and services with an average of 2.3%. The lowest price increase was in Recreation and culture with an average of -4.5%.
- Highest increase
- Miscellaneous goods and services: 2.3%
- Lowest increase
- Recreation and culture: -4.5%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 1.1%. This approaches the lowest level since records began (0.2% in 2020).
- 5-year average
- 1.1%
- 10-year average
- 1.2%
- All-time high (2008)
- 2.6%
- All-time low (2020)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +1.2 percentage point.
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- July: -2.7 percentage points
ECB Target
Inflation is 1.8% 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 €100.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.7% | +0.3 |
| February | 1.7% | +0.2 |
| March | 1.5% | +0.2 |
| April | 0.6% | -1.4 |
| May | 0.4% | -1.0 |
| June | 0.2% | -1.4 |
| July | -1.0% | -2.7 |
| August | -0.9% | -2.3 |
| September | -0.9% | -2.1 |
| October | -0.7% | -1.8 |
| November | -0.2% | -1.3 |
| December | -0.6% | -2.1 |
| Average | 0.2% |
Data source
Data from OECD. Last updated: 11/01/2026.