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Date: February 22, 2023 Price Monitor

Press release No. 496 of 22 December 2023 Import prices in November 2023: -9.0% on November 2022

Import prices were 9.0% lower in November 2023 compared with November 2022. The Federal Statistical Office (Destatis) also reports that the year-on-year change rate was -13.0% in October 2023 and -14.3% in September 2023. The large decreases are …

Date: December 21, 2023 Place-to-place index numbers for cost-of-living allowances for the remuneration of public service staff working abroad (last issue - reporting discontinued)

Place-to-place index numbers, December 2023

Press release No. 489 of 20 December 2023 Producer prices, November 2023: -7.9% on November 2022

The producer prices of industrial products were 7.9% lower in November 2023 than in November 2022. In October 2023, the year-on-year change rate was -11.0%. The development is still mainly attributable to a base effect caused by the high price level …

Date: December 13, 2023 Quality Report - Consumer Price Index for Germany

As regards the consumer price index, price index series are provided for household final consumption expenditure in Germany in the form of totals and for individual aggregates. Year-on-year and month-on-month inflation rates are also available. …

Press release No. 473 of 12 December 2023 Wholesale prices in November 2023: -3.6% on November 2022

In November 2023, the selling prices in wholesale trade were 3.6% lower than in November 2022. The Federal Statistical Office (Destatis) reports that the change on the previous year was -4.2% in October 2023 and -4.1% in September 2023. As in the …

Press release No. 466 of 8 December 2023 CORRECTION: Inflation rate at +3.2% in November 2023

The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +3.2% in November 2023. In October 2023, the inflation rate was +3.8%. The last time inflation was lower than in November 2023 was in June …

Press release No. 458 of 29 November 2023 Inflation rate of +3.2% expected in November 2023

The inflation rate in Germany is expected to be +3.2% in November 2023. This is the lowest level since June 2021 (+2.4%). The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. …

Press release No. 457 of 29 November 2023 Import prices in October 2023: -13.0% on October 2022

Import prices were 13.0% lower in October 2023 compared with October 2022. The Federal Statistical Office (Destatis) also reports that the year-on-year change rate was -14.3% in September 2023 and -16.4% in August 2023. The large decreases are still …

Press release No. 448 of 20 November 2023 Producer prices, October 2023: -11.0% on October 2022

The producer prices of industrial products were 11.0% lower in October 2023 than in October 2022. In September 2023, the year-on-year change rate was -14.7%, which is the largest decline compared with the same month a year earlier since the data were …

Press release No. 440 of 15 November 2023 Wholesale prices in October 2023: -4.2% on October 2022

In October 2023, the selling prices in wholesale trade were 4.2% lower than in October 2022. The Federal Statistical Office (Destatis) reports that this represents the largest year-on-year decrease in prices recorded since May 2020 (-4.3% on May …

Press release No. 429 of 8 November 2023 Inflation rate at +3.8% in October 2023

The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +3.8% in October 2023. In September 2023, the inflation rate was +4.5%. This means that the rate of inflation has continued to slow and …

Press release No. 422 of 31 October 2023 Import prices in September 2023: -14.3% on September 2022

Import prices were 14.3% lower in September 2023 compared with September 2022. The Federal Statistical Office (Destatis) also reports that the year-on-year change rate was -16.4% in August 2023 and -13.2% in July 2023. The large decreases are …

Press release No. 421 of 30 October 2023 Inflation rate of +3.8%expected in October 2023

The inflation rate in Germany is expected to be +3.8% in October 2023. This is the lowest level since August 2021 (also +3.8%). The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year …

Press release No. 416 of 20 October 2023 Producer prices, September 2023: -14.7% on September 2022

The producer prices of industrial products were 14.7% lower in September 2023 than in September 2022. This was the largest decline compared with the same month a year earlier since the data were first collected in 1949. In August 2023, the …

Press release No. 410 of 16 October 2023 Wholesale prices in September 2023: -4.1% on September 2022

In September 2023, the selling prices in wholesale trade were 4.1% lower than in September 2022. The Federal Statistical Office (Destatis) also reports that this represents the largest year-on-year decrease in prices recorded since May 2020 (-4.3% …

Press release No. 405 of 11 October 2023 Inflation rate at +4.5% in September 2023

The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +4.5% in September 2023. In both August and July 2023, the inflation rate stood at over 6% (+6.1% and +6.2%, respectively). "The rate of …

Press release No. 389 of 29 September 2023 Import prices in August 2023: -16.4% on August 2022

Import prices were 16.4% lower in August 2023 compared with August 2022. This represents the largest year-on-year decline in import prices recorded since November 1986 (-16.5% on November 1985). As in the previous months, the decline is primarily due …

Press release No. 387 of 28 September 2023 Inflation rate of +4.5% expected in September 2023

The inflation rate in Germany is expected to be +4.5% in September 2023. This is the lowest level since the outbreak of the war in Ukraine. The last time a lower inflation rate was registered was in February 2022, when it stood at +4.3%. The …

Press release No. 379 of 22 September 2023 Prices of residential property in the 2^nd quarter of 2023: -9.9% on the same quarter of the previous year

In the 2^nd quarter of 2023, the prices of residential property (house price index) in Germany decreased by an average of 9.9% compared with the 2^nd quarter of 2022. This was the largest decline in residential property prices from the same quarter of …

Press release No. 498 of 22 September 2023 Prices of residential property in the 3^rd quarter of 2023: -10.2% on the same quarter of the previous year

In the 3^rd quarter of 2023, the prices of residential property (house price index) in Germany decreased by an average of 10.2% compared with the 3^rd quarter of 2022. This was the largest decline in residential property prices from the same quarter of …

Press release No. 374 of 20 September 2023 Producer prices, August 2023: -12.6% on August 2022

The producer prices of industrial products were 12.6% lower in August 2023 than in August 2022. This was the largest decline in producer prices compared with the same month a year earlier since data collection began in 1949. The development is mainly …

Press release No. 360 of 12 September 2023 Wholesale prices in August 2023: -2.7% on August 2022

In August 2023, the selling prices in wholesale trade were 2.7% lower than in August 2022.  The Federal Statistical Office (Destatis) also reports that this was the fifth consecutive decrease in year-on-year wholesale prices. Compared with the …

Press release No. 355 of 8 September 2023 Inflation rate at +6.1% in August 2023

The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +6.1% in August 2023. In July 2023, the inflation rate was +6.2%. “The inflation rate therefore remains at a high level”, says Ruth Brand, …

Press release No. 343 of 30 August 2023 Inflation rate of +6.1% expected in August 2023

The inflation rate in Germany is expected to be +6.1% in August 2023. It is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. In July 2023, the inflation rate was +6.2%. Based on the results …

Press release No. 341 of 30 August 2023 Import prices in July 2023: -13.2% on July 2022

Import prices were 13.2% lower in July 2023 compared with July 2022. The Federal Statistical Office (Destatis) reports that this represents the largest year-on-year decrease in prices recorded since January 1987 (-14.2% from January 1986). As in the …

Press release No. 331 of 21 August 2023 Producer prices, July 2023: -6.0% on July 2022

The producer prices of industrial products were 6.0% lower in July 2023 than in July 2022, when producer prices had soared as a consequence of the war in Ukraine. The decline is therefore largely due to a base effect. The Federal Statistical Office …

Press release No. 320 of 14 August 2023 Wholesale prices in July 2023: -2.8% on July 2022

In July 2023, the selling prices in wholesale trade were 2.8% lower than in July 2022. The year-on-year rate of change was -2.9% in June 2023, and -2.6% in May 2023. The Federal Statistical Office (Destatis) reports that wholesale prices were down …

Press release No. 311 of 8 August 2023 Inflation rate at +6.2% in July 2023

The inflation rate in Germany, measured as the year-on-year change in the consumer price index, stood at +6.2% in July 2023. In June 2023, the inflation rate was +6.4%. "The rate of inflation has fallen slightly but remains at a high level", says …

Press release No. 300 of 31 July 2023 Import prices in June 2023: -11.4% on June 2022

Import prices were 11.4% lower in June 2023 compared with June 2022. The Federal Statistical Office (Destatis) reports that this represents the largest year-on-year decrease in prices recorded since September 2009 (also -11.4% from September 2008), …