Inflation Germany 2022
Average inflation: 6.9%
Current Inflation
Inflation is very high at 6.9%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 8.8%. The lowest inflation was in January at 4.2%.
- Highest month
- October: 8.8%
- Lowest month
- January: 4.2%
- Difference
- 4.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 12.5%. The lowest price increase was in Communication with an average of 0.0%.
- Highest increase
- Food and non-alcoholic beverages: 12.5%
- Lowest increase
- Communication: 0.0%
Historical Context
Current inflation is 4.2% higher than the 5-year average of 2.7%. This approaches the highest level since records began (6.9% in 2022).
- 5-year average
- 2.7%
- 10-year average
- 1.8%
- All-time high (2022)
- 6.9%
- All-time low (2020)
- 0.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +3.8 percentage point.
- Change vs. previous year
- +3.8 percentage points
- Largest monthly swing
- May: +4.8 percentage points
ECB Target
Inflation is 4.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.2% | +3.0 |
| February | 4.3% | +2.8 |
| March | 5.9% | +4.1 |
| April | 6.3% | +4.3 |
| May | 7.0% | +4.8 |
| June | 6.7% | +4.3 |
| July | 6.7% | +3.0 |
| August | 7.0% | +3.2 |
| September | 8.6% | +4.5 |
| October | 8.8% | +4.4 |
| November | 8.8% | +4.0 |
| December | 8.1% | +3.2 |
| Average | 6.9% |
Data source
Data from OECD. Last updated: 11/01/2026.