FX.co ★ German Inflation Rate Confirmed at 2.4%

Germany's consumer price inflation reached 2.4% in September 2025, aligning with preliminary estimates and rising from 2.2% in August, marking the year's swiftest pace thus far. The inflation rate for goods experienced a slight uptick (1.4% compared to 1.3% in August), although food prices saw a moderation (2.1%, down from 2.5%). Notable price hikes were observed in categories such as fruit (5.1%), sugar and confectionery (6.5%), and dairy products and eggs (3.6%). Meanwhile, energy prices continued their downward trend, albeit at a reduced pace (-0.7% versus -2.4%), mainly due to decreased prices of heating oil (-2.2%) and electricity (-1.6%). Conversely, inflation in the services sector increased to 3.4% from 3.1%, primarily driven by significant rises in passenger transport (11.2%) and social services (8.2%). Core inflation, which excludes the more volatile prices of food and energy, inched up to 2.8% from 2.7%. On a monthly basis, consumer prices increased by 0.2%, following a 0.1% rise in August. Similarly, the EU-harmonised inflation rate accelerated to 2.4% year-on-year (up from 2.1%) and climbed by 0.2% month-on-month (compared to 0.1%).