Press Inflation rate expected to be +1.7% in March 2021

Press release No. 158 of 30 March 2021

Consumer price index, March 2021
+1.7% on the same month a year earlier (provisional)
+0.5% on the previous month (provisional)

Harmonised index of consumer prices, March 2021:
+2.0% on the same month a year earlier (provisional)
+0.5% on the previous month (provisional)

WIESBADEN – The inflation rate in Germany, measured as the year-on-year change in the consumer price index, is expected to be +1.7% in March 2021. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 0.5% on February 2021.

Year-on-year change in the consumer price index
regarding selected product groups
Overall index / subindexWeightDecember
2020
January
2021
February
2021
March
2021 1
per thousand percent
1: Provisional figure.
2: Household energy and motor fuels.
3: Net rents and other rents.
Overall index1,000-0.31.01.31.7
Goods468.16-1.80.61.01.9
including:
Energy 2103.83-6.0-2.30.34.8
Food84.870.52.21.41.6
Services531.841.11.41.41.6
including:
Rents 3207.261.31.31.31.3

The current corona crisis caused some price collection problems again in March 2021 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.

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.

The final results for March 2021 will be released on 15 April 2021.

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