Press release No. 319 of 28 July 2022
Consumer price index, July 2022:
+7.5% on the same month a year earlier (provisional)
+0.9% on the previous month (provisional)
Harmonised index of consumer prices, July 2022:
+8.5% on the same month a year earlier (provisional)
+0.8% on the previous month (provisional)
WIESBADEN – The inflation rate in Germany is expected to be +7.5% in July 2022. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. In June 2022, the inflation rate had been +7.6%. 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 June 2022.
| Overall index / subindex | Weight | April 2022 | May 2022 | June 2022 | July 2022 1 |
|---|---|---|---|---|---|
| per thousand | percent | ||||
| 1: Provisional figure. 2: Household energy and motor fuels. 3: Net rents and other rents. | |||||
| Overall index | 1,000 | 7.4 | 7.9 | 7.6 | 7.5 |
| Goods | 468.16 | 12.2 | 13.6 | 14.0 | 14.1 |
| including: | |||||
| Energy 2 | 103.83 | 35.3 | 38.3 | 38.0 | 35.7 |
| Food | 84.87 | 8.6 | 11.1 | 12.7 | 14.8 |
| Services | 531.84 | 3.2 | 2.9 | 2.1 | 2.0 |
| including: | |||||
| Rents 3 | 207.26 | 1.6 | 1.7 | 1.7 | 1.8 |
Energy prices, in particular, have increased considerably since the war started in Ukraine and have had a considerable impact on the high inflation rate. Energy prices were 35.7% higher in July 2022 than in July 2021. Food prices, too, increased above average (+14.8%). Marked price increases at the upstream stages in the economic process have an upward effect on prices. Another factor with an upward effect on prices is interruptions in supply chains caused by the Covid-19 pandemic. Special effects such as the impact of the 9-euro ticket and the fuel discount are included in the results. It is not possible yet on the basis of the provisional results to show the exact extent of these effects. The Federal Statistical Office will publish detailed information together with the final results on 10 August 2022.
Inflation Calculator informs about personal rate of inflation:
Consumers can use the Personal Inflation Calculator (only in german) of the Federal Statistical Office to adapt their monthly consumption expenditure on individual product groups according to their own consumption patterns and to calculate their personal inflation rate.
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.
More information:
The final results for July 2022 will be released on 10 August 2022.
