Germany non-energy industrial goods price index (HICP)
Germany non-energy industrial goods price index (HICP) stood at 100 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 1997 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 | 100 | 97.79 | 95.41 | 89.99 | 82.81 | 80.24 | 79.95 | 78.86 | 77.38 | 76.07 | |
| Industrial goods excluding energy | 100 | 99.05 | 97.65 | 92.42 | 87.45 | 85.31 | 85.39 | 84.45 | 83.77 | 82.76 | |
| Energy | 100 | 102.34 | 105.72 | 100.64 | 74.74 | 67.88 | 71.11 | 70.13 | 66.84 | 64.85 |
Understanding germany non-energy industrial goods price index (HICP)
Consolidates the retail price levels of manufactured physical products, explicitly stripping out all fuels and utility costs. The non-energy industrial goods price index captures the final consumer cost for durable and semi-durable items, ranging from clothing and footwear to household appliances, furniture, and vehicles. Operating within the harmonised statistical framework, this category isolates the pricing dynamics of tradable manufactured merchandise. It deliberately omits services and volatile commodity-linked items like food and energy, thereby providing a clear window into the core pricing behavior of the retail manufacturing sector.
Reviewing this index level provides insights into how global supply chains and imported manufactured inflation affect the domestic retail environment. Set against an Index 2025=100 reference, the metric charts the long-term accumulation of price shifts for physical consumer wares. Because these items are highly tradable across borders, the series is uniquely responsive to exchange rate fluctuations, international shipping costs, and global manufacturing capacity rather than purely local wage pressures. Analysts heavily scrutinize this measure to determine the underlying trajectory of core consumer inflation, as manufactured goods prices tend to exhibit structural persistence compared to raw commodities.
Frequently asked questions
- Does this measurement include motor fuels?
- No, all fuel and power costs are strictly excluded from this category and placed in the energy sub-index.
- What types of products dominate this specific basket?
- It is heavily weighted toward physical manufactured items like automobiles, clothing, electronics, and household furnishings.
- Are regular discounts and sales captured by this index?
- Yes, the methodology tracks actual transaction prices, meaning seasonal clearance sales and promotional discounts influence the final reading.