Press release No. 006 of 6 January 2021
Consumer prices index, December 2020:
-0.3% on the same month a year earlier (provisional)
+0.5% on the previous month (provisional)
+0.5% on an annual average in 2020 compared with 2019 (provisional)
Harmonised index of consumer prices, December 2020:
-0.7% on the same month a year earlier (provisional)
+0.6% on the previous month (provisional)
+0.4% on an annual average in 2020 compared with 2019 (provisional)
WIESBADEN – The inflation rate in Germany, measured as the year-on-year change in the consumer price index, is expected to be -0.3% in December 2020. Compared with November 2020, consumer prices are expected to increase by 0.5%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that, on an annual average, the inflation rate is expected to stand at 0.5% in 2020.
| Overall index / subindex | Weight | September 2020 | October 2020 | November 2020 | December 2020 1 |
|---|---|---|---|---|---|
| per thousand | percent | ||||
| 1: Provisional figure. 2: Household energy and motor fuels. 3: Net rents and other rents. | |||||
| Overall index | 1,000 | -0.2 | -0.2 | -0.3 | -0.3 |
| Goods | 468.16 | -1.7 | -1.5 | -1.8 | -1.8 |
| including: | |||||
| Energy 2 | 103.83 | -7.1 | -6.8 | -7.7 | -6.0 |
| Food | 84.87 | 0.6 | 1.4 | 1.4 | 0.5 |
| Services | 531.84 | 1.0 | 1.0 | 1.1 | 1.1 |
| including: | |||||
| Rents 3 | 207.26 | 1.4 | 1.3 | 1.3 | 1.3 |
The current corona crisis caused some price collection problems again in December 2020 as some products were not available in the market. For information on the consequences of the lockdown for price collection please refer to our methodological paper. The quality of the provisional overall results continues to be assured.
More information on the reduction of value added tax is provided in press release no. 215 on the “Impact of the value added tax cut on consumer prices” of 15 June 2020.
The final results for November 2020 will be released on 19 January 2021
On 7 January 2021, the Statistical Office of the European Union (Eurostat) will publish its flash estimate of the euro area inflation rate for December 2020.
Methodological notes on the weighting pattern of the Harmonised Index of Consumer Prices (HICP) that refer to 2021 are contained in another methodological paper.
The consumer price index results are also available on the “Corona statistics“ webpage of the Federal Statistical Office together with other indicators which can be used to assess the economic consequences of the coronavirus pandemic.
