Press release No. 413 of 29 September 2022
Consumer price index, September 2022:
+10.0% on the same month a year earlier (provisional)
+1.9% on the previous month (provisional)
Harmonised index of consumer prices, September 2022:
+10.9% on the same month a year earlier (provisional)
+2.2% on the previous month (provisional)
WIESBADEN – The rate of inflation in Germany is expected to be +10.0% in September 2022. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. In August 2022, the inflation rate had been +7.9%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 1.9% on August 2022.
| Overall index / subindex | Weight | June 2022 | July 2022 | August 2022 | September 2022 1 |
|---|---|---|---|---|---|
| per thousand | percent | ||||
| 1: Provisional figure. 2: Household energy and motor fuels. 3: Net rents and other rents. | |||||
| Overall index | 1,000 | 7.6 | 7.5 | 7.9 | 10.0 |
| Goods | 468.16 | 14.0 | 14.1 | 14.7 | 17.2 |
| including: | |||||
| Energy 2 | 103.83 | 38.0 | 35.7 | 35.6 | 43.9 |
| Food | 84.87 | 12.7 | 14.8 | 16.6 | 18.7 |
| Services | 531.84 | 2.1 | 2.0 | 2.2 | 3.6 |
| including: | |||||
| Rents 3 | 207.26 | 1.7 | 1.8 | 1.8 | 1.7 |
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 43.9% higher in September 2022 than in September 2021. There was also an above average rise of food prices by 18.7% from the same month of the previous year. Marked price increases at the upstream stages in the economic process have an upward effect on prices, together with the continuing supply chain interruptions caused by the Covid-19 pandemic. The end of both the fuel discount period and the 9-euro ticket availability presumably had an impact on the inflation rate in September. The effect cannot be quantified yet on the basis of the provisional results. The Federal Statistical Office will publish detailed information together with the final results on 13 October 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 national consumer price index (CPI) and the harmonised index of consumer prices (HICP) differ in coverage and methodology. In contrast to the HICP, the CPI includes also household expenditure on owner-occupied housing, games of chance and broadcasting fees. In addition, the HICP product weights are updated annually. As the weight of housing is much smaller in the HICP basket, price increases in other product groups have a larger impact on the HICP than on the CPI.
Explanatory notes (only in german) and a methodological paper which discusses this issue are provided on the website of the Federal Statistical Office.
More information:
The final results for September 2022 will be released on 13 October 2022.
