{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"de-hicp-price-index","url":"https://apiardata.com/statistics/de-hicp-price-index","html_url":"https://apiardata.com/statistics/de-hicp-price-index/","title":"Germany HICP Price Index (2025)","description":"Germany's HICP Price Index: 131.9 Index (annual average) in 2025, +2.2% YoY. Eurostat (PRC_HICP_AIND), 2005–2025.","domain":"prices","category":"Prices & Inflation","keywords":["Prices & Inflation","Eurostat","European Union","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Germany","temporal_coverage":"2005/2025","unit":"Index (annual average)","last_updated":"2026-04-14","last_updated_text":"14 April 2026","data_as_of":"2025","variable_measured":"Germany HICP Price Index","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/PRC_HICP_AIND/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2005–2025"},{"label":"Observations","value":"21"},{"label":"Geography","value":"Germany"},{"label":"Last updated","value":"14 April 2026"}],"kpis":[{"label":"Germany (2025)","value":"131.9","unit":"Index (annual average)","trend":{"direction":"up","value":"+2.2% YoY"}},{"label":"YoY Change","value":"+2.2%","unit":"Index (annual average)"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"21","unit":"years of data"}],"series":[{"key":"value","label":"Germany HICP Price Index"}],"observation_count":21,"observations":[{"period":"2005","value":85.5},{"period":"2006","value":87},{"period":"2007","value":89},{"period":"2008","value":91.4},{"period":"2009","value":91.6},{"period":"2010","value":92.7},{"period":"2011","value":95},{"period":"2012","value":97},{"period":"2013","value":98.6},{"period":"2014","value":99.3},{"period":"2015","value":100},{"period":"2016","value":100.4},{"period":"2017","value":102.1},{"period":"2018","value":104},{"period":"2019","value":105.5},{"period":"2020","value":105.8},{"period":"2021","value":109.2},{"period":"2022","value":118.7},{"period":"2023","value":125.9},{"period":"2024","value":129},{"period":"2025","value":131.9}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"Index (annual average)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"131.9","yoyChange":"+2.2%"},{"year":"2024","value":"129.0","yoyChange":"+2.5%"},{"year":"2023","value":"125.9","yoyChange":"+6.1%"},{"year":"2022","value":"118.7","yoyChange":"+8.7%"},{"year":"2021","value":"109.2","yoyChange":"+3.2%"},{"year":"2020","value":"105.8","yoyChange":"+0.3%"},{"year":"2019","value":"105.5","yoyChange":"+1.4%"},{"year":"2018","value":"104.0","yoyChange":"+1.9%"},{"year":"2017","value":"102.1","yoyChange":"+1.7%"},{"year":"2016","value":"100.4","yoyChange":"+0.4%"},{"year":"2015","value":"100.0","yoyChange":"+0.7%"},{"year":"2014","value":"99.3","yoyChange":"+0.7%"},{"year":"2013","value":"98.6","yoyChange":"+1.6%"},{"year":"2012","value":"97.0","yoyChange":"+2.1%"},{"year":"2011","value":"95.0","yoyChange":"+2.5%"},{"year":"2010","value":"92.7","yoyChange":"+1.2%"},{"year":"2009","value":"91.6","yoyChange":"+0.2%"},{"year":"2008","value":"91.4","yoyChange":"+2.7%"},{"year":"2007","value":"89.0","yoyChange":"+2.3%"},{"year":"2006","value":"87.0","yoyChange":"+1.8%"}]},"qa":[{"question":"What is the Germany HICP price index and how does it differ from the national CPI?","answer":"The Harmonised Index of Consumer Prices (HICP) is a Eurostat measure of consumer price inflation designed to be comparable across all EU member states, enabling the ECB to monitor inflation consistently across the eurozone. Eurostat publishes it annually as an all-items average index (dataset PRC_HICP_AIND), currently referenced to 2015=100. Germany's national CPI (Verbraucherpreisindex), published by the Federal Statistical Office (Destatis), uses a slightly different basket composition and weighting methodology — in particular, it includes owner-occupied housing costs differently — so the two series can diverge by up to 0.5 percentage points in any given year. The ECB uses HICP, not national CPI, as its policy benchmark."},{"question":"How has German HICP inflation evolved since the 2022 energy shock?","answer":"Germany experienced its most severe inflation surge in decades following Russia's 2022 invasion of Ukraine. German HICP inflation peaked at around 8.7% in 2022 (year-on-year), driven primarily by energy prices (gas, electricity, heating oil) and food, before decelerating sharply as energy base effects unwound and the ECB raised rates by 450 basis points. By 2025, with the HICP index at 131.9 (up 2.9 index points from roughly 129.0 in 2024), the implied annual inflation rate is approximately 2.2% — within touching distance of the ECB's 2% symmetric target. Core inflation (excluding energy and food) has been stickier, particularly in services, reflecting wage catch-up after years of real income compression."},{"question":"What does German HICP inflation near 2% mean for ECB rate policy?","answer":"German HICP converging toward 2% significantly strengthens the case for ECB rate normalisation. Germany is the eurozone's largest economy, and when its inflation aligns with target, the ECB's aggregate euro-area HICP is typically also near or below 2% — the primary condition for sustained easing. For euro-area fixed-income investors, a German HICP near 2% implies that real 10-year Bund yields — nominal yield minus HICP — are turning slightly positive, improving the appeal of German sovereign debt as a safe-haven allocation. For inflation-linked bond investors (using Bund-indexed securities), a sustained deceleration reduces the carry embedded in break-even rates."},{"question":"How does Germany's HICP compare with other major EU economies?","answer":"Germany's HICP history has been distinctive within the euro area. Prior to 2022, Germany consistently ran below-average inflation relative to the EU-27 — a function of domestic wage restraint and competitive product markets — which generated recurring debates about German deflationary drag on the eurozone. The 2022–2023 energy shock disproportionately affected Germany (more exposed to Russian gas than France or Spain) and briefly pushed German HICP above the EU average. The 2025 normalisation at approximately 2.2% puts Germany back in line with, or marginally above, the EU-27 average, with higher inflation remaining more persistent in southern and eastern member states tied to domestic demand dynamics."}]}