Press release No. 042 of 31 January 2022
Consumer price index, January 2022
+4.9% on the same month a year earlier (provisional)
+0.4% on the previous month (provisional)
Harmonised index of consumer prices, January 2022:
+5.1% 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 +4.9% in January 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 0.4% compared with December 2021.
| Overall index / subindex | Weight | October 2021 | November 2021 | December 2021 | January 2022 1 |
|---|---|---|---|---|---|
| per thousand | percent | ||||
| 1: Provisional figure. 2: Household energy and motor fuels. 3: Net rents and other rents. | |||||
| Overall index | 1,000 | 4.5 | 5.2 | 5.3 | 4.9 |
| Goods | 468.16 | 7.0 | 7.9 | 7.8 | 7.2 |
| including: | |||||
| Energy 2 | 103.83 | 18.6 | 22.1 | 18.3 | 20.5 |
| Food | 84.87 | 4.4 | 4.5 | 6.0 | 5.0 |
| Services | 531.84 | 2.4 | 2.9 | 3.1 | 3.0 |
| including: | |||||
| Rents 3 | 207.26 | 1.4 | 1.4 | 1.4 | 1.4 |
The inflation rate remains high despite the absence of the base effects caused in 2021 by the temporary reduction of value added tax rates and the sharp decline in mineral oil product prices in 2020. Crisis-related effects such as delivery bottlenecks and significant price increases at upstream stages in the economic process as well as in energy prices continue to have an impact.
For the second year in a row, the coronavirus pandemic, the associated restrictions on public life and the resulting consequences required 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 webpage of the Federal Statistical Office.
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 January 2022 will be released on 11 February 2022.
