- Analytics
- News and Tools
- Market News
- German consumer price index growth accelerated in November
German consumer price index growth accelerated in November
According to the report from the Federal Statistical Office (Destatis), compared with the preceding month October the overall index increased by 0.2% in November 2020 (+0.1% in October). Economists had expected a 0.1% increase. in November 2020, the index of producer prices for industrial products decreased by 0.5% compared with the corresponding month of the preceding year. In October the annual rate of change all over had been –0.7%.
Energy prices as a whole decreased by 2.7% compared to November 2019 but increased by 0.4% compared to October 2020. On an annual basis, prices of petroleum products were down 16.7%, prices of natural gas (distribution) decreased by 5.2%. Electricity prices increased by 1.6%.
The overall index disregarding energy was 0.3% up on November 2019.
Prices of intermediate goods increased by 0.2% compared to November 2019. Prices of non-durable consumer goods decreased by 0.7% compared to November 2019. Food prices decreased by 1.6%. Pork prices were down 21.5%. Prices of capital goods increased by 0.8% compared to November 2019, durable consumer goods by 1.5%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
