Germany HICP consumer price index, unadjusted
Germany HICP consumer price index, unadjusted stood at 103.93 in Sep 2026, according to Deutsche Bundesbank. It is one of the indicators in the Consumer prices (CPI and HICP) table (Value · Monthly), with a complete series running from Jan 1996 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the Consumer prices (CPI and HICP) table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Overall index5 | 103.93 | 103.36 | 103.2 | 102.32 | 102.54 | 102.66 | 102.1 | 100.94 | 100.56 | 100.67 | |
| Food incl. alcohol and tobacco | 101.58 | 101.22 | 101.3 | 101.2 | 101.69 | 102.23 | 101.77 | 101.53 | 101.4 | 100.56 | |
| Industrial goods excluding energy | 102.43 | 101.65 | 101.2 | 101.01 | 101.36 | 101.08 | 100.83 | 100.11 | 99.88 | 100.26 |
Understanding germany HICP consumer price index, unadjusted
Establishing the raw, cumulative price level of the complete harmonised basket, this top-level gauge represents the absolute cost scaling of all in-scope household expenditures relative to the 2025 base period. It aggregates the unmanipulated final retail prices of every tracked category—spanning energy, food, industrial goods, and services—into a singular numerical level. Standing distinct from derived percentage rates, this foundational benchmark acts as the raw material from which all European-standardised inflation metrics for the nation are calculated, embodying the unvarnished mathematical reality of aggregate consumer pricing before any analytical smoothing or seasonal filtering is applied.
Reading the outright index level reveals the exact contour of aggregate prices over time, highlighting recurring intra-year patterns such as mid-summer travel peaks or post-holiday discounting that year-on-year rates intentionally hide. Month-on-month comparisons of this raw index should be treated with caution, as short-term fluctuations are frequently driven by predictable calendar events rather than systemic shifts in the macroeconomic environment. Whenever the statistical authority implements a new base year, the entire historical series is mathematically rescaled to equal 100 at the new reference point, meaning long-term studies must account for these technical rebasing linkages.
Frequently asked questions
- Can this index level be compared directly with indices from other countries?
- While the methodology is harmonised across borders, comparing raw index levels only shows how prices have evolved relative to the base year in each respective country, not the absolute difference in living costs between them.
- How does a base year change affect the historical data?
- The underlying price movements remain mathematically identical, but the nominal values are entirely recalculated to pivot around the new 100-mark of the chosen base year.
- Are seasonal sales reflected in this unadjusted metric?
- Yes, temporary retail discounts, seasonal clearances, and holiday markdowns are captured exactly as they occur, which introduces regular undulating patterns into the monthly time series.