FX.co ★ German Inflation Rebounds in July as CPI Returns to Positive Territory

Germany’s consumer price inflation swung back into positive territory in July 2026, signaling a notable rebound in price pressures after a brief period of decline.

According to the latest data updated on 30 July 2026, the German Consumer Price Index (CPI) rose 0.8% month-over-month in July. This follows a 0.3% month-over-month decrease in June 2026, highlighting a sharp turnaround in the short-term inflation trend. The figures are based on a comparison of price changes each month relative to the preceding month.

The move from negative to positive monthly inflation suggests a renewed uptick in consumer prices after June’s contraction, and will likely draw close attention from policymakers and market participants watching for shifts in Germany’s inflation trajectory.