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[BUSINESS] · Germany · 39 sources

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German inflation jumps to 2.8% in July as fuel tax rebate ends

Preliminary data from the Statistisches Bundesamt show that Germany's consumer price index rose 2.8 % year‑on‑year in July 2026, up from 2.3 % in June. Core inflation, which excludes energy and food, was 2.4 %. The main driver was a sharp rise in energy costs, which were 8.3 % higher than a year earlier. The increase follows the expiry of the temporary fuel‑tax rebate (Tankrabatt) at the end of June, which had kept gasoline and diesel prices artificially low in May and June.

Regional figures confirm the national trend: Bavaria recorded 2.8 %, North Rhine‑Westphalia 2.7 %, Baden‑Württemberg 2.5 % and Lower Saxony 2.7 %. In Berlin inflation was 2.9 % and in Brandenburg 2.7 %. Fuel prices surged, with diesel up roughly 20 % and gasoline up about 15‑23 % year‑on‑year, while heating oil also rose sharply. By contrast, electricity and gas prices fell.

In June 2026 export prices were 3.5 % higher YoY and import prices 6.1 % higher YoY, driven by increases in energy and intermediate goods. Analysts had expected a July rate of about 2.7 %, and the European Central Bank kept borrowing costs unchanged but signalled possible further tightening as Middle‑East tensions keep energy markets volatile.

Entities

Baden‑Württemberg · Bavaria · European Central Bank · Eurozone · German Federal Government · Germany · Lower Saxony · North Rhine‑Westphalia · SPD · Statistisches Bundesamt · Statistisches Bundesamt (Destatis) · Statistisches Bundesamt (German Federal Statistical Office)

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Inflation zieht im Juli kräftig an [www.oldenburger-onlinezeitung.de]
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