Germany confirms September inflation at 3.3%, with energy prices up 14.9% on the year

Destatis published its final consumer price index for September on 13 October 2026, confirming the provisional figures. Consumer prices were 3.3% higher than a year earlier, and 0.6% higher than in August. The harmonised index (HICP), which the euro area uses for comparisons, also showed 3.3% on the year and 0.6% on the month.

The breakdown

• Energy: +14.9% on the year, after +10.5% in August and +8.3% in July
• Core inflation (excluding food and energy): 2.4%, unchanged from July and August
• Services: +2.7% on the year
• Food: +0.4% on the year
• Goods: +3.8% on the year, from 3.0% in August

Inflation was 2.9% in August and 2.8% in July, so September marks a further step up. The energy component is the main source of the acceleration, while core inflation has held steady.

Reading it

The core rate is steady, which suggests that the rise is concentrated in energy prices, not spreading across the economy. For the euro area, Germany's rate is one of the inputs into the euro area's September figure of 3.8%. The French final figure was also published this week. For how energy moves headline prices, see energy inflation explained. Live prices: EUR/USD.