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Inflation Calculator: Germany

See what an amount from any past year is worth today in 15 countries, or deflate today's money back in time, using each country's own official price index.

Reviewed by CentExactRates effective 1 sourceCalculated in your browser. Shared links include inputs.
Country

Verbraucherpreisindex, 2010=100, 1924 to 2025.

Amount and years
€

Annual averages, 1924 to 2025. Enter a later "from" year to deflate.

Germany: before 1991 this is West Germany, and before 1948 it is a reconstruction

The German series looks continuous from 1924 to today. It is not one index, and the joins matter more than the start date.

Only from 1991 does it follow the official all-Germany Verbraucherpreisindex. The segment from June 1948 to 1990 covers West Germany alone, and the years from 1924 to 1947 are an annual reconstruction rather than a published index. A conversion from 1960 therefore answers what a West German household paid; there is no consumer price index for the GDR in this data, and none that would chain to it.

The 1948 join is a currency reform, not just a change of source. The Deutsche Mark arrived on 20 June 1948: wages, rents and pensions converted one for one, while savings ultimately settled at 6.50 DM per 100 Reichsmark. The series shows a 17.5% rise in 1949 and a 6.2% fall in 1950, which is price liberalisation and its correction straddling that seam rather than ordinary inflation.

Nothing crosses 1923, and the numbers show why

The series begins after the hyperinflation because no index could survive it. A loaf of bread cost 0.80 Mark in December 1919, 250 Mark by January 1923, 174 million in October and 201 billion in November. A dollar bought 4.2 trillion Mark.

The Rentenmark ended it on 15 November 1923 at one Rentenmark to a trillion papermarks, and the Reichsmark followed in 1924. There is no meaningful way to convert a 1922 amount into today's money: the question assumes a stable unit, and Germany did not have one.

Check which basis a remembered figure is on

German inflation in autumn 2022 is widely remembered as 10.4%. That was published on the old 2015=100 basis. On the current 2020=100 basis the monthly peak is 8.8%, and the 2022 annual rate was revised from 7.9% to 6.9%.

Both are correct on their own basis, and this page uses the current one. The same care applies to the national VPI against the European HVPI: the VPI includes imputed rent for owner-occupiers and the broadcasting fee, the HVPI does not, and since January 2026 they no longer even share a classification. For the oil shocks, this series gives 1973 at 7.1%, its West German high.

For how the calculation works, the formula behind it and what it leaves out, see the full guide. For help interpreting a result or comparing it with a quote or statement, read the questions and answers.

Data sources

Verbraucherpreisindex, annual averages (2010 = 100)Statistisches BundesamtWithin its effective period

Every document each dataset was read from, its notes and how the figures were checked are listed in the guide's data sources.

This calculator in other countries

Each country has its own rates, thresholds and rules, and its own page that runs the calculator on them and cites the official sources they came from.

CentExactCalculator publisher

CentExact publishes the calculation method, worked examples and available data sources. Automated checks cover reference calculations; they do not certify a result for your circumstances or imply approval by a lender or tax authority.

How we build and test our calculators

Figures are estimates derived from published rates and rules, current at the review date shown at the top of this page and taken from the sources listed under Data sources on this page. Rates, fees and thresholds change; always confirm current values with the official source before relying on a result.