Germany’s Inflation Rate Slightly Up to 1.3% in November


In November, German consumer prices are expected to rise 1.3 percent compared with November of 2012, from 1.2 percent in October 2013. Energy prices continue its downward trend, but at a slower pace than in October.

The still relatively low inflation rate is mainly due to the prices of mineral oil products, which were down again in November 2013 compared with November 2012 (-0.3 percent, from -0.5 percent in the previous month). Also, the increase in food prices was lower than in the previous months (up by 3.2 percent, down from 4.2 percent in October). Prices of services are expected to increase 1.5 percent, up from 1.2 percent.

When compared with the previous month, the consumer prices are expected to increase 0.2 percent, up from 0.2 percent decrease in the previous month.

The harmonized consumer price index for Germany is expected to increase by 1.6 percent in November 2013 on November 2012. Compared with October 2013, it is expected to be up by 0.2 percent.

Germany’s Inflation Rate Slightly Up to 1.3% in November


Destatis | Krisztina Györffy | krisztina@tradingeconomics.com
11/28/2013 1:13:36 PM