Harmonised inflation (HICP) · Germany
Germany Harmonised Inflation Rate MoM Final
The Germany Harmonised Inflation Rate MoM Final measures consumer price inflation in Germany using the EU's harmonised method (HICP), so that it can be compared across countries.
- Importance
- Medium
- Publié
- Monthly
- Prochaine publication
- Devise
- EUR · euro
- Banque centrale
- The European Central Bank (with the Bundesbank)
Derniers chiffres
La dernière publication, pour SEP, est parue le 2026-10-13 et s’est établie à 0.6%. C’est conforme au consensus de 0.6%. C’est plus que 0.2% la fois précédente.
Un résultat conforme au consensus provoque généralement peu de réaction : il était déjà intégré dans les prix.
Sur les 12 dernières publications, la valeur est allée de -0.5% à 1.2%, avec une moyenne de 0.3%.
| Publié | Pour | Réel | Consensus | Précédent |
|---|---|---|---|---|
| 13 Oct 2026 | SEP | 0.6% | 0.6% | 0.2% |
| 10 Sep 2026 | AUG | 0.2% | 0.2% | 0.9% |
| 12 Aug 2026 | JUL | 0.9% | 0.9% | -0.2% |
| 10 Jul 2026 | JUN | -0.2% | -0.2% | -0.1% |
| 12 Jun 2026 | MAY | -0.1% | -0.1% | 0.5% |
| 12 May 2026 | APR | 0.5% | 0.5% | 1.2% |
| 10 Apr 2026 | MAR | 1.2% | 1.2% | 0.4% |
| 11 Mar 2026 | FEB | 0.4% | 0.4% | -0.1% |
| 17 Feb 2026 | JAN | -0.1% | -0.1% | 0.2% |
| 16 Jan 2026 | DEC | 0.2% | 0.2% | -0.5% |
| 12 Dec 2025 | NOV | -0.5% | -0.5% | 0.3% |
| 12 Nov 2025 | OCT | 0.3% | 0.3% | 0.2% |
Pourquoi c’est important
The European Central Bank's 2% target is defined on the euro area HICP. National HICP releases, especially Germany's, France's, Spain's and Italy's preliminary figures, arrive before the euro area total and move euro and bond markets as a preview.
Mode de calcul
Each country's statistics office collects prices for a common basket and methods set by Eurostat; owner-occupied housing costs are left out, which is the main difference from many national CPIs.
HICP inflation (yoy) = HICP ÷ HICP 12 months ago − 1Ce que signifient les variations
- A national HICP above expectations raises the odds of a hawkish ECB.
- Look at services and core components in the euro area release; energy drives most of the swings.
Supérieur aux attentes : A higher figure than expected makes the European Central Bank (with the Bundesbank) more likely to keep rates high or raise them: it tends to support the euro and push bond yields up, and is often a weight on stocks.
Inférieur aux attentes : A lower figure than expected gives the European Central Bank (with the Bundesbank) room to cut or hold rates lower: the euro tends to soften and bond yields to fall.
Un bref historique
The HICP was introduced in 1997 to check whether countries met the inflation criterion for joining the euro; the ECB adopted it as its target measure when the euro started in 1999.
Questions
What is the Germany Harmonised Inflation Rate MoM Final?
The Germany Harmonised Inflation Rate MoM Final measures consumer price inflation in Germany using the EU's harmonised method (HICP), so that it can be compared across countries.
What was the latest Germany Harmonised Inflation Rate MoM Final?
0.6% for SEP, published on 13 October 2026 (consensus 0.6%, previous 0.2%).
When is the next Germany Harmonised Inflation Rate MoM Final?
On Wednesday 11 November 2026 at 07:00 UTC.
Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.