Press release No. 081 of 1 March 2022
Consumer price index, February 2022:
+5.1% on the same month a year earlier (provisional)
+0.9% on the previous month (provisional)
Harmonised index of consumer prices, February 2022:
+5.5% on the same month a year earlier (provisional)
+0.9% on the previous month (provisional)
WIESBADEN – The inflation rate in Germany is expected to be +5.1% in February 2022. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 0.9% on January 2022.
| Overall index / subindex | Weight | November 2021 | December 2021 | January 2022 | February 2022 1 |
|---|---|---|---|---|---|
| per thousand | percent | ||||
| 1: Provisional figure. 2: Household energy and motor fuels. 3: Net rents and other rents. | |||||
| Overall index | 1,000 | 5.2 | 5.3 | 4.9 | 5.1 |
| Goods | 468.16 | 7.9 | 7.8 | 7.2 | 7.9 |
| including: | |||||
| Energy 2 | 103.83 | 22.1 | 18.3 | 20.5 | 22.5 |
| Food | 84.87 | 4.5 | 6.0 | 5.0 | 5.3 |
| Services | 531.84 | 2.9 | 3.1 | 2.9 | 2.8 |
| including: | |||||
| Rents 3 | 207.26 | 1.4 | 1.4 | 1.4 | 1.5 |
The inflation rate remains high despite the fact that the base effects caused by the temporary reduction of value added tax rates and the sharp decline in mineral oil product prices in 2020 have no longer had an impact since January 2022. Covid-19-related effects such as delivery bottlenecks and significant price increases at upstream stages in the economic process as well as in energy product prices continue to have an impact. These effects are superimposed by uncertainties caused by the Russian attack on Ukraine.
Methodological note:
The Covid-19 pandemic and its consequences for public life still require a changed approach to the updating of the product weights used in the harmonised index of consumer prices (HICP). A methodological paper which discusses this issue is provided on the website of the Federal Statistical Office.
Again, a number of prices could not be collected on a monthly basis due to the measures taken to contain the Covid-19 pandemic. However, the quality requirements were met. Where quality reductions were observed for specific product groups, the relevant results have been marked accordingly. More information is contained in a methodological paper.
More information:
You may use our Personal Inflation Calculator to adapt your monthly consumption expenditure on individual product groups according to your own consumption patterns and to calculate your personal inflation rate.
The final results for February 2022 will be released on 11 March 2022.
