Inflation in Germany has increased in 2018 easily. The price increase was, according to the Federal statistical office, with 1.9 percent, a Tick above the level of 2017. That was the strongest rise in prices since 2012, however, Inflation is still below the target of the European Central Bank. The ECB aims for Euro-Zone inflation rate of just two percent, which it considers ideal for the economy.
For the increase in the annual rate of inflation in Germany, the energy prices were largely responsible: they moved to 2017 by 4.9 per cent stronger than a year earlier, when it was 3.1 percent in August.
In December 2018, the price had to boost in the face of crumbling Oil prices. The inflation rate was 1.7 percent, significantly lower than in November, with 2.3 percent. Energy cost in December, 4.8 percent more than a year ago. In November, the increase was, however, at 9.3 percent.