Description CPI Inflation Core Inflation TFP Inflation Target GDP Deflator (yoy) Forecasts CPI Inflation Forecasts GDP Deflator Forecasts Terms of Trade Import Prices Terms of Trade (yoy%) Import prices (yoy%) ifo business climate GDP Deflator (yoy%) ifo index, demeaned Source OECD OECD own calculations own calculations GCEE annual reports GCEE annual reports OECD Economic Outlooks Destatis Destatis own calculations own calculations ifo institute Destatis + forecast own calculations Name cpi_yoy core_cpi_yoy tfp infl_target_bof bip_defl_svr_fc pr_cons_svr_fc bip_defl_oecd_fc tot import_price tot_yoy import_price_yoy cap_util bip_defl_real ifo_bc 1970 3.450237 3.645165 -6.382087990 6 5 3 4.25 98.3 47.1 4.3 -1.123595506 7.529931973 7.3 13.21043084 1971 5.240966602 5.538145481 -6.363286688 6 5 3.5 4 101.0 47.8 2.8 1.47578466 3.249931973 7.606513495 -4.789569161 1972 5.484948014 5.491636652 -6.335920819 6 5 4.5 5 101.9 48.7 0.8 1.782056534 1.579931973 4.539800995 3.710430839 1973 7.032032748 6.38118791 -6.304712579 6 6 6.25 5.25 99.6 52.8 -2.2 8.573153552 3.629931973 6.305770375 -1.189569161 1974 6.986410931 6.841231411 -6.290597754 6 7.5 6.5 7 92.9 65.2 -6.8 23.33642261 -1.000068027 7.256108935 -22.18956916 1975 5.910339699 5.729154304 -6.282012076 6 6 5.75 6.5 95.1 66.6 2.5 2.194168921 -7.470068027 5.686956522 -23.28956916 1976 4.246643782 3.98478237 -6.247729799 4.5 4 5 4 93.5 70.3 -1.7 5.602941176 -3.250068027 3.307553069 -3.789569161 1977 3.734162694 3.697818907 -6.222222708 3.5 4 4 4 93.6 71.7 0.0 1.907812282 -3.200068027 3.090156101 -14.18956916 1978 2.718678906 3.012551321 -6.204616758 3.25 3.5 3.5 4 97.0 70.4 3.6 -1.762776715 -2.220068027 3.538318912 -4.589569161 1979 4.043627372 3.326150597 -6.185065398 3 3 2.5 3.5 93.5 76.4 -3.6 8.4851857 1.279931973 4.282942844 8.710430839 1980 5.44107013 5.290903197 -6.187718113 4 4.5 4.5 4.5 87.9 86.0 -5.9 12.61700218 -1.100068027 5.437893532 -12.08956916 1981 6.344230496 5.781825838 -6.186858969 3.75 4 4 4 83.1 96.1 -5.4 11.69304338 -4.470068027 4.193811075 -25.98956916 1982 5.241053268 4.775968572 -6.191507918 3.5 4 5.5 3.5 84.3 98.6 1.4 2.680937819 -7.250068027 4.585124398 -32.48956916 1983 3.293416968 3.83677637 -6.17420716 3.5 3.5 4 3.5 85.5 99.3 1.4 0.665144446 -5.100068027 2.802341512 -10.38956916 1984 2.405797976 2.501155194 -6.156496348 3 3 3 2.75 84.0 104.2 -1.7 4.901380671 -3.100068027 1.974800097 -5.689569161 1985 2.066219937 2.150055194 -6.142284475 2 2 2 2.25 84.3 106.6 0.4 2.322083294 0.079931973 2.138529167 0.110430839 1986 -0.129408523 0.843731833 -6.133522246 2 2 1.5 1.75 94.3 94.3 11.8 -11.50312385 1.349931973 2.989414912 1.610430839 1987 0.249908313 1.222282773 -6.128867977 2 2 1 1.5 98.0 89.8 4.0 -4.744601329 0.529931973 1.287553648 -3.889569161 1988 1.274121493 1.806518097 -6.109004384 2 1.5 1.5 1.75 97.8 91.7 -0.2 2.027247956 2.029931973 1.694915254 5.810430839 1989 2.780558571 2.708757181 -6.083307529 2 2 2 2 95.2 96.5 -2.6 5.234483495 5.099931973 2.872807018 15.01043084 1990 2.69647642 2.521960478 -6.053636996 2 3.5 3 3 96.6 95.2 1.4 -1.279057964 6.179931973 3.389469196 23.11043084 1991 4.047029257 3.885777753 -6.025512404 2 3.5 3.5 4.3 95.2 97.9 -1.4 2.827763496 3.879931973 3.092783505 9.410430839 1992 5.128205128 5.660319784 -6.014207191 2 4 4 4.5 98.4 95.7 3.3 -2.22630719 -2.600068027 5.290322581 -9.389569161 1993 4.471544715 5.467234989 -6.016018607 2 3.5 3.5 4.6 100.4 94.1 2.0 -1.723417589 -7.470068027 4.129901961 -21.58956916 1994 2.594033722 2.833182391 -5.999262574 2 2.5 3 2.9 101.4 93.9 1.0 -0.170049952 -2.300068027 2.165470166 -0.889569161 1995 1.769911504 2.026475273 -5.989292634 2 2 2.5 2 103.1 93.6 1.7 -0.340679229 1.029931973 1.981338555 -3.589569161 1996 1.366459627 1.628061133 -5.981678949 2 2.25 2.25 2 102.8 93.6 -0.3 0.021365239 -1.800068027 0.609962725 -13.28956916 1997 1.960784314 1.969327209 -5.965779907 1.75 1.5 1.75 1.2 101.0 96.1 -1.7 2.584641675 0.499931973 0.269450994 -1.589569161 1998 0.961538462 1.19932667 -5.959122008 1.75 1.75 2 1.2 103.0 93.5 1.9 -2.623633524 2.099931973 0.604635539 1.510430839 1999 0.595238095 0.647987134 -5.951657933 2 1.5 1.5 1.3 103.8 92.1 0.8 -1.496845932 0.579931973 0.311630495 -3.089569161 2000 1.420118343 0.86583833 -5.933831795 2 1.1 1.5 1.3 99.3 98.9 -4.3 7.294041029 3.149931973 -0.443803395 7.910430839 2001 1.983663944 1.020449391 -5.91877201 2 0.9 2 1 99.4 99.5 0.1 0.606980273 1.499931973 1.281622646 -9.589569161 2002 1.372997712 1.570373649 -5.917329879 2 1.5 1.5 1.1 101.4 96.9 2.0 -2.604323781 -1.220068027 1.342429577 -13.58956916 2003 1.128668172 0.955633785 -5.919688274 2 1.4 1.6 1.2 102.6 94.5 1.2 -2.488127194 -0.800068027 1.21606949 -10.28956916 2004 1.5625 1.723673429 -5.913892566 2 0.6 1.2 1.2 102.8 94.1 0.2 -0.402329275 0.449931973 1.094185797 -1.089569161 2005 1.648351648 1.071264629 -5.906025572 2 0.8 1.6 0.8 101.0 96.9 -1.8 2.976506857 0.479931973 0.615449915 -2.289569161 2006 1.513513514 0.743099788 -5.88601364 2 0.7 2 0.7 99.4 99.6 -1.6 2.787240632 3.049931973 0.305842649 17.41043084 2007 2.342917998 1.896733404 -5.870956056 2 1.5 2.3 1.7 99.5 99.7 0.2 0.1406046 4.929931973 1.692776785 18.81043084 2008 2.601456816 1.344364012 -5.8722564 2 1.5 2 1.7 97.9 102.5 -1.7 2.778056363 3.429931973 0.837468983 -0.989569161 2009 0.304259635 1.326530612 -5.913733987 2 1.5 2.1 1.8 102.4 95.4 4.6 -6.869633099 -11.57006803 1.76355993 -21.38956916 2010 1.11223458 0.704934542 -5.887479585 2 1.1 1.2 0.2 100.0 100.0 -2.3 4.777870914 -4.070068027 0.755667506 13.21043084 2011 2.1 1 -5.865752331 2 1.3 1.4 1 97.3 105.5 -2.7 5.49 2.699931973 1.07 20.71043084 2012 1.958863859 1.287128713 -5.86405864 2 1.4 1.9 1.3 97.1 107.6 -0.2 2.019148734 0.549931973 1.543484714 7.810430839 2013 1.53698367 1.173020528 -5.860968357 2 1.5 2 1.6 98.2 105.9 1.1 -1.626091804 -1.070068027 1.958491669 11.21043084 2014 0.851466414 1.352657005 -5.850648892 2 1.9 1.9 1.3 99.5 104.3 1.4 -1.520732974 0.799931973 1.767966361 15.01043084 2015 0.281425891 1.2392755 -5.845351067 2 1.6 1.3 1.8 102.1 102.7 2.6 -1.457893727 0.779931973 1.972016152 14.71043084 2016 0.467726848 1.224105461 -5.833373252 2 1.5 1.2 1.2 103.9 100.2 1.7 -2.452793459 1.129931973 1.372133714 14.61043084 2017 1.769087523 1.395348837 -5.825367357 2 1.6 1.7 0.9 102.8 102.86 -0.8 2.4 3.049931973 1.526162791 27.11043084 2018 1.9 1.4 -5.824226262 2 2.1 1.8 1.8 102.0 104.61 -0.8 1.70000 4.433265306 1.7 26.49931973 2019 2.1 1.7 -5.820001644 2 2.1 2.1 2 101.7 106.18 -0.3 1.50000 1.9