FX.co ★ German Inflation Holds Steady at 2.8% in July, Matching Prior Year’s Pace

Germany’s consumer price inflation remained unchanged in July 2026, with the Consumer Price Index (CPI) rising 2.8% year-over-year, the same annual rate recorded previously. According to the latest data updated on 12 August 2026, the July reading confirms that price pressures are neither accelerating nor easing on an annual basis.

The year-over-year comparison shows that the pace of inflation in July 2026 mirrors that of the previous indicator, which also stood at 2.8% on a year-on-year basis. Under this comparison framework, the “actual” figure reflects price changes in July 2026 versus July of the prior year, while the “previous” figure captures price developments in the earlier month compared against the same month a year earlier. The unchanged reading suggests inflation dynamics in Germany have stabilized, at least for now, around this 2.8% level.