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Germany's inflation eases to 2.8% in October

Germany's consumer prices rose 2.8% on the year in October 2026 (provisional), down from 3.3% in September. Energy prices rose 12.2%, down from 14.9%.

The Federal Statistical Office (Destatis) estimates that German consumer prices rose 2.8% year on year in October 2026, and fell 0.2% on the month. The harmonised index (HICP) rose 2.8% on the year and fell 0.1% on the month. Core inflation, excluding food and energy, was 2.1%, and energy prices rose 12.2%, slower than the 14.9% of September (Destatis, 30 October 2026).

Germany's inflation eases to 2.8% in October — central bank rate path diagram
A central bank's policy rate path across recent meetings

Key figures, October 2026 (provisional)

  • Consumer prices, year on year: +2.8% (September: +3.3%)
  • Consumer prices, month on month: −0.2%
  • HICP, year on year: +2.8%
  • Core inflation, excluding food and energy: +2.1%
  • Energy, year on year: +12.2% (September: +14.9%)
Germany's inflation eases to 2.8% in October — risk-reward diagram
A risk-reward ratio of 1 to 2

The September figure is in Germany confirms September inflation at 3.3%. The euro area figure, which combines all member states, is covered in the euro area flash inflation preview.

Germany's inflation eases to 2.8% in October — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

Sources

  1. Destatis: Inflation rate of +2.8% expected in October 2026

Common questions

What was German inflation in October 2026?

2.8% year on year, provisional, down from 3.3% in September, according to Destatis.

When will the final October figure for Germany be published?

On 11 November 2026, according to Destatis.

This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money. Read the risk warning. Spotted an error? Tell the editors.

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