The inflation rate in Germany is expected to be +2.6% in May 2026. It is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices decreased by 0.2% on April 2026. The inflation rate excluding food and energy, often referred to as core inflation, is expected to stand at +2.5% in May 2026. Energy prices are expected to be up 6.6% on the same month of the previous year. The rise in energy prices therefore slowed in May (April 2026: +10.1% on April 2025). ... (full story)