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2025-12-12 15:28:23
[Germany's November Inflation Rate Confirmed at 2.3%] ⑴ Germany's consumer price inflation rate remained stable at 2.3% in November 2025, confirming the preliminary forecast and unchanged from October. ⑵ Energy costs fell by 0.1% year-on-year, with electricity prices falling by 1.5% and district heating prices falling by 0.7%, offsetting the impact of a 2.4% increase in heating oil prices and a 1.6% increase in fuel prices. ⑶ Food inflation remained low at 1.2%, the second lowest level this year. Confectionery prices rose by 9.0%, and meat prices rose by 4.2%; while edible oil prices fell sharply by 14.8%, and fresh vegetable prices fell by 4.2%, creating a balance. ⑷ Services inflation remained stable at 3.5%. Core inflation, excluding food and energy, slowed slightly to 2.7%, from 2.8% previously. ⑸ On a month-on-month basis, the consumer price index fell by 0.2%, the first decline since January, mainly reflecting a seasonal decline of 14.2% in airfares and an 11.5% decline in all-inclusive vacation prices. (6) The EU's harmonized annual inflation rate rose to 2.6%, a nine-month high; while it fell 0.5% month-on-month, confirming previous forecasts.
