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Press release 016 / 2018-01-16: Consumer prices in 2017: +1.8% on the previous year

Inflation rate

Consumer prices in Germany rose by 1.8% on an annual average in 2017 compared with 2016. The increase was above the relevant levels of the past four years. Between 2014 and 2016, the year-on-year-rates of price increase were even below one percent each. The Federal Statistical Office (Destatis) also reports that the inflation rates as measured by the consumer price index ranged between +1.5% and +2.2% in the individual months of 2017. In December 2017, the inflation rate stood at +1.7%. 

More : Consumer prices in 2017: +1.8% on the previous year …

Noticeable price changes in December

Consumer prices of selected goods and servicesEnlarge picture

Get an overview of the most noticeable price changes for selected goods and services.

If you want to know how the prices of all product groups have developed please refer to our price kaleidoscope.

If you want to know by how much your personal inflation rate differs from the official one, just test our "personal inflation calculator".

Press release 017 / 2018-01-16: Wholesale prices in 2017: 3.5% on 2016

In 2017 the average index of selling prices in wholesale trade was 3.5% higher than the average index of 2016, as reported by the Federal Statistical Office (Destatis).

More : Wholesale prices in 2017: 3.5% on 2016 …

Press release 018 / 2018-01-16: Turnover in accommodation and food service activities in November 2017 in real terms: +1.1% to November 2016

As reported by the Federal Statistical Office (Destatis), turnover in the German accommodation and food service activities in November 2017 increased by 1.1% in real terms and by 3.1% in nominal terms compared with the corresponding month of the previous year.

More : Turnover in accommodation and food service activities in November 2017 in real terms: +1.1% to November 2016 …

Press release 019 / 2018-01-16: Germany's population stood at 82.5 million at the end of 2016

The number of inhabitants of Germany has returned to an upward trend since 2012, which is due to the above-average migration surpluses. Based on an estimate, the Federal Statistical Office (Destatis) currently expects that roughly 82.8 million people lived here at the end of 2016. At the end of 2015, the figure had been 82.2 million people. This means that the all-time high of just over 82.5 million people reached at the end of 2002 would have been exceeded at the end of 2016.

More : Germany's population stood at 82.5 million at the end of 2016 …

IN FOCUS / 2018-01-17

Gross domestic product grew by 2.2% in 2017

The economic situation in Germany was characterised by strong economic growth in 2017. Overall, the gross domestic product increased by 2.2%, which was above the average of the last ten years (1.3%).

Consumption was the main contributor to GDP growth. Household final consumption expenditure rose a price-adjusted 2.0% on the previous year. The increase in government final consumption expenditure was 1.4%.

Gross fixed capital formation increased above average (+3.0%). Gross fixed capital formation in construction was up 2.6%. Gross fixed capital formation in machinery and equipment increased a price-adjusted 3.5% on 2016. Gross fixed capital formation in other fixed assets, which includes expenditure on research and development, was also 3.5% higher than a year earlier. The balance of exports and imports accounted for a much smaller proportion of the German GDP growth (+0.2 percentage points).

On an annual average in 2017, the economic performance in Germany was achieved by just under 44.3 million persons in employment whose place of employment was in Germany. According to first calculations, the number of persons in employment was roughly 638,000, or 1.5%, higher than a year earlier. This was the largest increase since 2007.

Key figures

Population31.12.201682.5 mn
Persons in employment201744.3 mn
Economic growth (GDP)20172.2%
Inflation rateDecember 20171.7%
Share in gross domestic product
Net lending20171.2%
Public debt201668.1%

Europe in figures

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Europe in figures features the wide range of data offered by the European statistical office (Eurostat) and enables comparisons between the EU Member States.

2017 Bundestag election

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The election to the 19th German Bundestag was held on 24 September 2017. Information on the election is provided on the website of the Federal Returning Officer.

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