MADRID, 13 Dic. (EUROPA PRESS) –
The consumer price index (CPI) in Germany stood at 10% in November, which represents a slowdown of four tenths compared to the year-on-year increase registered in October and the same figure as in September, as confirmed by this Tuesday Destatis, the German statistical office.
In the case of the harmonized inflation rate, used by Eurostat for its calculations, the data for November stood at 11.3% year-on-year.
“The inflation rate remains at a high level of 10% despite a slight slowdown in energy prices,” said Georg Thiel, president of the Federal Statistical Office.
“We see price increases for more and more goods, besides energy. What has become particularly noticeable for households is the continued increase in food prices,” he added.
In November, the prices of energy products increased by 38.7% year-on-year, despite the relief measures implemented by the Government, compared to the 43% increase in prices in October.
Natural gas prices rose 112.2% and district heating prices rose 36.6%. Also, electricity prices rose 27.1%.
“The main reason for the high prices of energy products in general is international purchase prices. In addition, the increase in the CO2 charge (from 25 to 30 euros per tonne), which came into effect at the beginning of the year, continued to impact in rises in the prices of energy products,” explained Destatis.
On the other hand, food prices increased by 21.1% in November 2022 compared to the same month of the previous year, which means that this price increase was more than double the general inflation rate. In October, food had become more expensive by 20.3%.
Thus, excluding energy prices, Germany’s inflation rate stood at 6.6% in November, while leaving energy and food prices out of the calculation, the core inflation rate was 5%, half the general inflation rate.
