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- German final CPI for November in line with expectations
German final CPI for November in line with expectations
Consumer prices in Germany were 0.8% higher in November 2016 than in November 2015. This means that the inflation remains at the two-year-high reached in the previous month. Compared with October 2016, the consumer price index rose by 0.1% in November 2016. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 29 November 2016.
The development of energy prices (-2.7% on November 2015) had a downward effect on the overall rise in prices in November 2016, as had been the case in the preceding months. The year-on-year decrease in energy prices thus accelerated (in October 2016 it had been -1.4% on October 2015). Compared with a year earlier, household energy prices were down in November 2016 (-2.9%, including charges for central and district heating: -6.9%; heating oil: -6.7%; gas: -4.1%), as were motor fuel prices (-2.2%). Excluding energy prices, the inflation rate in November 2016 would have been +1.2%.
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