Germany’s E Bavaria Feb. CPI rises 1.9% y/y

Germany’s E Bavaria Feb. CPI rises 1.9% y/y

Germany’s Bavaria CPI Rises 1.9% Year-Over-Year in February 2026

The consumer price index (CPI) for Bavaria, Germany, increased by 1.9% year-over-year (y/y) in February 2026, according to the Bavarian State Office for Statistics. This marks a slight deceleration from the 2.1% y/y rate reported in January 2026, reflecting continued moderation in inflationary pressures within the region. The national CPI for Germany is projected to stand at 2.1% y/y for January 2026, with a 0.1% monthly increase from December 2025.

Bavaria’s CPI has historically fluctuated significantly, peaking at 9.2% y/y in November 2022 during the height of energy and food price surges and hitting a record low of -0.8% y/y in December 1986. The current 1.9% y/y rate aligns with broader trends of easing inflation in Germany, though it remains above the European Central Bank’s 2% target.

Core inflation, which excludes volatile food and energy components, is expected to remain elevated at 2.5% y/y for Germany in January 2026. This suggests persistent price pressures in sectors such as housing, transportation, and services, which together account for a significant share of the CPI basket.

The Harmonised Index of Consumer Prices (HICP), used for EU-wide comparisons, will undergo methodological updates in January 2026, including the adoption of the ECOICOP Version 2 classification and a revised base year (2025). These changes aim to improve international comparability and reflect updated consumption patterns, including expanded coverage of services like games of chance.

Government measures to mitigate energy costs, introduced in 2022, have influenced CPI dynamics, particularly in energy-intensive sectors. While these interventions have provided short-term relief, their long-term impact on inflation remains subject to evolving market conditions.

For investors, Bavaria’s CPI trajectory underscores the gradual normalization of price growth in Germany, albeit with regional and sectoral variations. Continued monitoring of HICP adjustments and national CPI revisions will be critical for assessing inflationary risks in the coming months.

German Federal Statistical Office (Destatis)
Trading Economics, Bavarian State Office for Statistics