Inflation Germany 2026
Average inflation: 2.6%
Inflation in 2026
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in September at 3.3%. The lowest inflation was in February at 1.9%.
- Highest month
- September: 3.3%
- Lowest month
- February: 1.9%
- Difference
- 1.4 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Transport with an average of 6.5%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of 0.1%.
- Highest increase
- Transport: 6.5%
- Lowest increase
- Furnishings, household equipment and maintenance: 0.1%
Historical Context
Inflation is 1.4 percentage points lower than the 5-year average of 4.0%.
- 5-year average
- 4%
- 10-year average
- 2.8%
- All-time high (2022)
- 6.9%
- All-time low (2020)
- 0.2%
Trend
Over the period 2024-2026, inflation has remained relatively stable. Compared to 2025, inflation has risen by 0.4 percentage points.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- September: +0.9 percentage points
ECB Target
Inflation is 0.6 percentage points 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 2026
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2025 |
|---|---|---|
| January | 2.1% | -0.2 |
| February | 1.9% | -0.4 |
| March | 2.7% | +0.5 |
| April | 2.9% | +0.8 |
| May | 2.6% | +0.5 |
| June | 2.3% | +0.3 |
| July | 2.8% | +0.8 |
| August | 2.9% | +0.7 |
| September | 3.3% | +0.9 |
| Average | 2.6% |
Data source
Data from OECD. Last updated: 16/10/2026. Not all months available yet.