DON’T MISS
IamExpat FairIamExpat Job BoardIamExpat Webinars
Newsletters
EXPAT INFO
CAREER
HOUSING
EDUCATION
LIFESTYLE
EXPAT SERVICES
NEWS & ARTICLES
Home
Expat Info
German news & articles
Inflation in Germany rose above 5 percent in February
Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy

Inflation in Germany rose above 5 percent in February

Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy
or
follow us for regular updates:



Related Stories

Concerns for German car industry as Trump slaps 25% tariff on importsConcerns for German car industry as Trump slaps 25% tariff on imports
Foreign students bring multi-billion-euro net gain to German economyForeign students bring multi-billion-euro net gain to German economy
Germany sees sharpest drop in real wages since 2008 due to high inflationGermany sees sharpest drop in real wages since 2008 due to high inflation
One in four German companies considering job cuts amid high energy pricesOne in four German companies considering job cuts amid high energy prices
Worker shortages costing German economy 86 billion euros per year, report saysWorker shortages costing German economy 86 billion euros per year, report says
Inflation, housing, recession: These are Germany's biggest fears in 2022Inflation, housing, recession: These are Germany's biggest fears in 2022
Inflation in Germany hit 10 percent in September, highest rate since 1951Inflation in Germany hit 10 percent in September, highest rate since 1951
After bailout, government sells Lufthansa stake with million-euro profitAfter bailout, government sells Lufthansa stake with million-euro profit
For expats of all colours, shapes and sizes

Explore
Expat infoCareerHousingEducationLifestyleExpat servicesNews & articles
About us
IamExpat MediaAdvertisePost a jobContact usImpressumSitemap
More IamExpat
IamExpat Job BoardIamExpat HousingIamExpat FairWebinarsNewsletters
Privacy
Terms of usePrivacy policyCookiesAvoiding scams

Never miss a thing!Sign up for expat events, news & offers, delivered once a week.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy


© 2025 IamExpat Media B.V.
© 2025 IamExpat Media B.V.
Mar 3, 2022
Abi Carter

Editor in chief at IamExpat Media

Abi studied German and History at the University of Manchester and has since lived in Berlin, Hamburg and Utrecht, working since 2017 as a writer, editor and content marketeer. Although she's happily taken on some German and Dutch quirks, she keeps a stash of Yorkshire Tea on hand, because nowhere does a brew quite like home.Read more

Inflation in Germany rose again in February, according to new figures from the Federal Statistical Office (Destatis). With Russia’s invasion of Ukraine causing worldwide uncertainty, especially on the energy market, high inflation doesn’t look to be going anywhere anytime soon.

Consumer prices in Germany rose 5,1 percent in February

After falling slightly in January, the inflation rate in Germany worsened in February. On average, consumer prices were 5,1 percent higher than in the same month of the previous year, according to provisional figures from Destatis. In January 2022, the inflation rate fell slightly to 4,9 percent after hitting 5,3 percent in December, the highest level in the federal republic in almost 30 years. 

The main driver of the high inflation rate is rising energy prices, with the cost of household energy and fuel rising by 22,5 percent in February. But the cost of food and other goods and services is also rising significantly. A report from North Rhine-Westphalia found that the price of heating oil rose by 37,7 percent between February 2021 and 2022, while fuel prices rose 23,9 percent, the cost of vegetables by 4,2 percent and women’s clothing by 3,9 percent. 

War in Ukraine fuelling inflation rate

Experts had expected inflation to gradually ease over the course of 2022, after the spikes at the end of last year, but German officials say the outbreak of war between Russia and Ukraine has been “superimposed” on existing problems, including rising prices for energy, delivery bottlenecks and producer cost surges as the world makes its way out of the coronavirus crisis. 

Since Russia is one of the world’s major energy suppliers, the west’s decision to impose sanctions and countermeasures against the Kremlin is expected to lead to energy prices rising even further, which in turn will further fuel inflation. Since most of the sanctions were only implemented at the end of February, their impact on the inflation rate will likely not be felt until March. 

“Since the statisticians collect the inflation data around the middle of the month, they could not in the February data take into account that energy prices have continued to rise because of the war in Ukraine,” said Jӧrg Krӓmer, Chief Economist at Commerzbank, to the Frankfurter Allgemeine Zeitung. “If energy prices remain at the current level, the inflation rate in March could clearly exceed the 5,5 percent mark.” 

The German Economic Institute (IW) has predicted that the inflation rate could rise as high as 6,1 percent in 2022 if the war in Ukraine escalates and causes higher gas prices. In 2021, consumer prices already rose by 3,1 percent, the highest rate recorded since 1993. 

By Abi Carter