Press release No. 137 of 30 March 2022
Consumer price index, March 2022:
+7.3% on the same month a year earlier (provisional)
+2.5% on the previous month (provisional)
Harmonised index of consumer prices, March 2022:
+7.6% on the same month a year earlier (provisional)
+2.5% on the previous month (provisional)
WIESBADEN – The inflation rate in Germany is expected to be +7.3% in March 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 2.5% on February 2022.
| Overall index / subindex | Weight | December 2021 | January 2022 | February 2022 | March 2022 1 |
|---|---|---|---|---|---|
| per thousand | percent | ||||
| 1: Provisional figure. 2: Household energy and motor fuels. 3: Net rents and other rents. | |||||
| Overall index | 1,000 | 5.3 | 4.9 | 5.1 | 7.3 |
| Goods | 468.16 | 7.8 | 7.2 | 7.9 | 12.3 |
| including: | |||||
| Energy 2 | 103.83 | 18.3 | 20.5 | 22.5 | 39.5 |
| Food | 84.87 | 6.0 | 5.0 | 5.3 | 6.2 |
| Services | 531.84 | 3.1 | 2.9 | 2.8 | 2.8 |
| including: | |||||
| Rents 3 | 207.26 | 1.4 | 1.4 | 1.5 | 1.5 |
Since Russia’s attack on Ukraine, the prices of natural gas and mineral oil products have markedly increased again and have had a considerable impact on the high rate of inflation. A similarly high inflation rate in Germany was last recorded in autumn 1981 when mineral oil prices had sharply increased, too, as a consequence of the first Gulf war. Additional factors in the current reference month are delivery bottlenecks due to interruptions in supply chains caused by the Covid-19 pandemic and the marked increases in energy product prices at upstream stages in the economic process.
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:
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 March 2022 will be released on 12 April 2022.
