Press Expected inflation rate for April 2022: +7.4%

Press release No. 182 of 28 April 2022

Consumer price index, April 2022:
+7.4% on the same month a year earlier (provisional)
+0.8% on the previous month (provisional)

Harmonised index of consumer prices, April 2022:
+7.8% on the same month a year earlier (provisional)
+0.7% on the previous month (provisional)

WIESBADEN – The inflation rate in Germany is expected to be +7.4% in April 2022. The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. In March 2022 the rate was +7.3%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 0.8% in April 2022 on March 2022.

Year-on-year change in the consumer price index
regarding selected product groups
Overall index / subindexWeightJanuary
2022
February
2022
March
2022
April
2022 1
per thousand percent
1: Provisional figure.
2: Household energy and motor fuels.
3: Net rents and other rents.
Overall index1,0004.95.17.37.4
Goods468.167.27.912.312.0
including:
Energy 2103.8320.522.539.535.3
Food84.875.05.36.28.5
Services531.842.92.82.82.9
including:
Rents 3207.261.41.51.51.6

Energy prices, in particular, have increased considerably since the war started in Ukraine and have had a considerable impact on the high inflation rate. A similarly high inflation rate was last recorded in Germany in autumn 1981 when mineral oil prices had sharply increased, too, as a consequence of the first Gulf war between Iraq and Iran. Additional factors are delivery bottlenecks due to interruptions in supply chains caused by the Covid-19 pandemic and the marked price increases at upstream stages in the economic process.

Inflation Calculator informs about personal rate of inflation:

Consumers can use the Personal Inflation Calculator 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 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:

The final results for April 2022 will be released on 11 May 2022.

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