What is the Consumer Price Index (CPI) for Germany?

The consumer price index (CPI) for Germany measures the average price change of all goods and services purchased by households for consumption purposes, e.g. food, clothing, motor vehicles, rents, cleaning services, repairs, etc. According to the domestic concept all expenditures carried out in the territory of Germany are included.

What is the Harmonised Index of consumer prices?

It is also used for deflation purposes in national accounts, for instance, in the context of calculating real economic growth. The Harmonised Index of Consumer Prices, which is the index adjusted for international purposes, is above all used by the European Central Bank to assess inflation in Germany.

How is the consumer price index calculated?

Calculating the consumer price index is based on a basket of goods and services which includes all goods and services that are relevant components of consumption in Germany.

What is inflation based on?

Inflation based upon the consumer price index (CPI) is the main inflation indicator in most countries. Current harmonised inflation Germany (HICP Germany) – the harmonised inflation is based upon the German harmonised consumer price index.