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Press release 018 / 2017-01-18: Consumer prices in 2016: +0,5% on the previous year

Inflation rate

Following low inflation rates – as measured by the consumer price index – in the first half of the year, the rate of price increase rose towards the end of 2016, reaching its highest level of the year in December 2016 (+1.7%). The Federal Statistical Office (Destatis) also reports that a higher inflation rate was last recorded in July 2013 (+1.9%). On an annual average in 2016, the consumer prices in Germany rose 0.5% on 2015. The year-on-year rate of price increase thus was slightly above previous year's level (2015: +0.3%). 

More : Consumer prices in 2016: +0,5% on the previous year …

Noticeable price changes in December

Consumer prices of selected goods and servicesEnlarge picture

Get an overview of the most noticeable price changes for selected goods and services.

If you want to know how the prices of all product groups have developed please refer to our price kaleidoscope.

If you want to know by how much your personal inflation rate differs from the official one, just test our "personal inflation calculator".

Press release 019 / 2017-01-18: Turnover in accommodation and food service activities in November 2016 in real terms: –0.6% to November 2015

As reported by the Federal Statistical Office (Destatis), turnover in the German accommodation and food service activities in November 2016 decreased by 0.6% in real terms and increased by 1.5% in nominal terms compared with the corresponding months of the previous year. 

More : Turnover in accommodation and food service activities in November 2016 in real terms: –0.6% to November 2015 …

Press release 020 / 2017-01-18: Food prices up 0.8% in both 2015 and 2016

The consumer prices of food in Germany were 0.8% higher in 2016 compared with 2015. To coincide with the International Green Week taking place in Berlin from 20 to 29 January, the Federal Statistical Office (Destatis) reports that the rate of increase in the consumer prices of food was the same as in 2015 (+0.8% on 2014).

More : Food prices up 0.8% in both 2015 and 2016 …

IN FOCUS / 2017-01-12

Gross domestic product grew by 1.9% in 2016

The economic situation in Germany was characterised by solid and steady growth in 2016 too. Overall, the gross domestic product (GDP) increased by 1.9%, which was above the average of the last ten years (1.4%).

Consumption was the main contributor to GDP growth. Household final consumption expenditure rose a price-adjusted 2.0% on the previous year. The increase in government final consumption expenditure was even substantially higher (4.2%). One of the reasons for this strong growth was the large immigration of people seeking refuge, which resulted in considerable costs.

Growth was also supported by the significant rise in price-adjusted gross fixed capital formation in construction, which was mainly due to the higher gross fixed capital formation in dwellings. The increase in gross fixed capital formation in machinery and equipment was somewhat slower. Since price-adjusted imports rose more strongly than exports, the balance of exports and imports of goods and services had a slightly negative effect on GDP growth in Germany.

IN FOCUS / 2017-01-10

Part-time employment: one in seven part-time employees wishes to work more hours

In accordance with a new bill, employees in Germany shall in future be entitled to return to their usual hours of work after a phase of part-time work. To date employees have only been entitled to the right of part-time work without time limitation.

In 2015, 14% of the part-time employees aged 15 to 74 years wanted and were available to work more hours. In recent years, however, the proportion of these so-called underemployed people in the total of part-time employees has declined; it was still 19% in 2011. The number of men working part-time has been much smaller than that of women. However, the proportion of male part-timers who wanted to work more hours (19%) was larger than that of women (13%).

As opposed to the underemployed people, there were also people in (mainly full-time) employment who wanted to work less hours in 2015. On the whole, 3% of the full-time employees aged between 15 and 74 wanted to work less hours - with a corresponding reduction in their income.

Current WISTA edition: Who works more hours: German or French people?

In a joint project, Thomas Körner and Loup Wolff compared the hours actually worked in Germany and in France on the basis of the labour force survey carried out across Europe in 2014. The results show that the average working week of full-time employees is 32.0 hours in France and 35.6 hours in Germany. The annual volume of labour is also smaller in France (1,598 hours) than in Germany (1,616 hours); however, the number of holidays is lower in Germany than in France, as is shown by the Germany labour force survey.

In their article on the Hours actually worked in France and in Germany published in the 6/2016 issue of our WISTA scientific journal, the authors examine the reasons for the differences. They look at the times of absence and the impact of methodological differences regarding both the questionnaires and the sample design.

Key figures

Population31.12.201582.2 mn
Persons in employment201643.5 mn
Economic growth (GDP)20161.9%
Inflation rate20160.5%
Share in gross domestic product
Net lending20160.6%
Public debt201571.2%

Europe in figures

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Europe in figures features the wide range of data offered by the European statistical office (Eurostat) and enables comparisons between the EU Member States.

IARIW conference

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From 21 to 27 August 2016 the 34th IARIW General Conference took place in Dresden.

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