FX.co ★ German HICP Inflation Holds Steady at 3.3% Year-on-Year in September

Germany’s Harmonised Index of Consumer Prices (HICP) rose 3.3% year-on-year in September 2026, unchanged from the revised 3.3% annual increase recorded in the previous reading for the same period. According to data updated on 13 October 2026, the inflation rate, measured on a year-over-year basis, shows no acceleration or deceleration compared with the prior indicator.

The figures confirm that price dynamics in Germany have stabilised on an annual basis, with the current September reading matching the previous year-over-year comparison for the same month. Both the “actual” and “previous” indicators reflect changes versus September a year earlier, indicating that German HICP inflation has effectively plateaued at 3.3% on this comparison. Investors and policymakers may interpret the steady rate as a sign of short-term stability in consumer price pressures within the euro area’s largest economy.