Germany non-energy industrial goods inflation (HICP)
Germany non-energy industrial goods inflation (HICP) stood at 1% in 2025, according to Deutsche Bundesbank. It is one of the indicators in the Price indices (annual) table (Value · Annual), with a complete series running from 1998 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Price indices (annual) table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Overall index (%) | 2.3 | 2.5 | 6 | 8.7 | 3.2 | 0.4 | 1.4 | 1.9 | 1.7 | 0.4 | |
| Industrial goods excluding energy (%) | 1 | 1.4 | 5.7 | 5.7 | 2.5 | -0.1 | 1.1 | 0.8 | 1.2 | 1 | |
| Energy (%) | -2.3 | -3.2 | 5.1 | 34.7 | 10.1 | -4.5 | 1.4 | 4.9 | 3.1 | -5.4 |
Understanding germany non-energy industrial goods inflation (HICP)
Charts the percentage rate of price change for manufactured physical merchandise, thoroughly omitting all fuels and power tariffs. The non-energy industrial goods inflation metric isolates the price trajectory of tradable items such as consumer electronics, apparel, homeware, and private vehicles within the harmonised statistical structure. By filtering out erratic energy costs, volatile food items, and domestically driven services, this calculation distills the pricing momentum of the retail manufacturing sector. It traces how rapidly the shelf prices of durable and semi-durable products are compounding over time.
Scrutinizing this specific rate of change illuminates the impact of international trade dynamics on domestic consumer wallets. The metric is fundamentally shaped by global supply chain efficiencies, shipping freight rates, and the exchange rate environment, reflecting the high import penetration of manufactured goods. While technological advancements frequently exert a deflationary drag on components like electronics, raw material shortages can rapidly accelerate the aggregate metric. Analysts utilize this harmonised percentage change as a core indicator of underlying structural inflation, as price shifts in manufactured goods tend to embed themselves more permanently than transient commodity spikes.
Frequently asked questions
- Why are energy costs excluded from this industrial measurement?
- Energy prices are highly erratic and governed by raw commodity markets, which would distort the underlying trend of manufactured merchandise.
- Do vehicle prices influence this rate?
- Yes, the retail cost of new and used private automobiles constitutes a significant weight within this durable goods category.
- How do currency fluctuations affect this metric?
- Because many industrial goods are imported, changes in the domestic currency's purchasing power directly influence final retail inflation.