Germany housing rent price index (HICP), unadjusted
Germany housing rent price index (HICP), unadjusted stood at 102.59 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 1997 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 index | 103.93 | 103.36 | 103.2 | 102.32 | 102.54 | 102.66 | 102.1 | 100.94 | 100.56 | 100.67 | |
| Services | 103.98 | 104.06 | 104.27 | 103.51 | 103.04 | 102.55 | 102.08 | 101.44 | 100.84 | 101.29 | |
| Actual rental payments made for housing | 102.59 | 102.45 | 102.29 | 102.03 | 101.88 | 101.7 | 101.5 | 101.37 | 101.17 | 100.96 |
Understanding germany housing rent price index (HICP), unadjusted
Isolating the absolute pricing level of tenancy agreements, this narrow service metric tracks the monthly financial outlay required for securing residential shelter. The measurement specifically captures the base rental amounts transferred from tenants to landlords, explicitly excluding secondary housing costs such as water supply, refuse collection, electricity, and regular maintenance charges. By extracting just the shelter provision from the broader services category, it provides a highly specific gauge of the real estate leasing market's impact on household budgets, entirely detached from the volatile utility costs that frequently accompany physical dwellings.
Tracking this unadjusted figure reveals characteristically gradual adjustments, as the prevalence of long-term leasing contracts prevents the erratic month-to-month volatility seen in retail goods or transport services. Observers utilizing this raw index for short-term analysis will find month-on-month changes minute, making long-term comparative analysis far more illuminating than rapid-fire comparisons. It is important to note that this series only accounts for actual monetary transactions within the rental market, meaning the theoretical shelter costs of owner-occupiers are fundamentally excluded from the calculation, creating a divergence from national metrics that attempt to impute those ownership values.
Frequently asked questions
- Are municipal utility bills bundled into this rent calculation?
- No, only the core shelter cost is measured; electricity, heating, water, and municipal waste services are tracked in entirely separate sub-categories.
- Does this index track newly signed leases or existing contracts?
- It blends both, tracking the actual payments made across a vast representative sample of the entire rental market, including both decades-old existing tenancies and newly minted agreements.
- Are commercial property rents included in this measurement?
- This metric is strictly limited to residential dwellings occupied by private households, excluding all commercial, industrial, or agricultural real estate leasing.