Press release 419 / 2013-12-11: Consumer prices in November 2013: +1.3% on November 2012
Favourable prices of mineral oil products keeping inflation rate down
WIESBADEN – Consumer prices in Germany rose by 1.3% in November 2013 compared with November 2012. In October 2013, the inflation rate as measured by the consumer price index had stood at 1.2%, so the overall rise in prices continued on a moderate level. Compared with October 2013, the consumer price index was up 0.2% in November 2013. The Federal Statistical Office (Destatis) thus confirms its provisional results of 28 November 2013.
As in the previous months, the low rate of inflation was mainly due to the falling prices of mineral oil products (−6.5%, including heating oil: −10.6%; motor fuels: −5.0%). Not considering the prices of heating oil and motor fuels, the inflation rate would have been +1.8% on November 2012. Overall, energy prices were down 0.3% compared with one year earlier. Falling prices of mineral oil products contrasted with rising prices especially of electricity (+11.4%) as in the months before.
The rise in food prices (+3.2%) has slowed down somewhat. In October 2013 the annual price increase recorded for these products had amounted to 4.2%. Nevertheless, the increase in food prices remained notably higher than the overall price increase also in November 2013. Within a year’s time, there were marked prices rises especially for edible oils and fats (+13.3%; including butter: +26.5%; olive oil: +16.0%) and for dairy products and eggs (+8.5%; including curd: +15.4%; UHT milk: +13.2%; sliced cheese: +7.2%). However, the rise in prices for meat and meat products (+1.8%) and fruit (+3.1%) was smaller than in the preceding months.
The general increase in goods prices recorded for the twelve months since November 2012 was below average (+1.1%). Prices were driven, for example, by alcoholic beverages and tobacco products (+3.1%; including beer: +2.5%; cigarettes: +3.6%; tobacco: +8.4) as well as by food. Like lower energy prices, the falling prices of coffee (−3.7%), information processing equipment (−5.2%) and consumer electronics (−5.6%) contributed to the more moderate increase of the inflation rate.
In contrast, the rise in service prices was somewhat above average at 1.5% compared with November 2012. That development was mainly due to the increase in net rents exclusive of heating expenses (+1.5%) as they account for large part of households’ consumption expenditure. Prices were also up for motor insurance (+2.4%), package holidays (+3.5%) and games of chance (+21.3%). Lower prices than in November 2012 were recorded, for example, for telecommunications services (−1.5%), air tickets (−2.7%), financial services (−7.2%) and out-patient health services (−12.2%).
Change in November 2013 on October 2013
Compared with October 2013, the consumer price index rose by 0.2% in November 2013. There was a comparable increase in food prices in general (+0.3%). The price rise was particularly high for dairy products and eggs (+2.1%; including curd: +7.8%; fresh milk: +2.9%). Prices of alcoholic beverages were up 0.5%.
Energy prices in general were down compared with the preceding month (−0.9%). As in October 2013, there were drops in the prices especially of motor fuels (−1.8%; including supergrade petrol: −1.8%; Diesel fuel: −1.8%) and of heating oil (−2.6%) in November 2013.
|Overall index / subindex||Weighting||Index|
2010 = 100
|in per mill||in per cent|
|Food and non-alcoholic-beverages||102.71||110.4||2.8||0.3|
|Alcoholic beverages and tobacco||37.59||108.7||3.1||0.3|
|Clothing and footwear||44.93||107.4||0.7||–1.1|
|Housing, water, electricity, gas and other fuels||317.29||107.8||1.6||0.0|
|Net rent exclusive of heating expenses||209.93||104.4||1.5||0.3|
|Furnishings, household equipment and so on||49.78||102.2||0.7||0.0|
|Recreation and culture||114.92||104.5||3.4||2.5|
|Restaurants and hotels||44.67||106.5||2.3||–0.2|
|Miscellaneous goods and services||70.04||104.9||2.0||0.2|
|Excluding heating oil and motor fuels||950.52||105.7||1.8||0.3|
|Excluding household energy||931.81||105.0||1.3||0.2|
|Excluding energy (household energy and motor fuels)||893.44||104.8||1.6||0.3|
|Non-durable consumer goods||307.89||111.3||1.6||–0.2|
Year / Month
2010 = 100
|in per cent|
A = annual average
– = no figures or magnitude zero
The harmonised index of consumer prices (HICP) for Germany, which is calculated for European purposes, was 1.6% higher in November 2013 than in November 2012. For a year it remained below the two-percent mark that is important in terms of monetary policy. The mark was last exceeded in October 2012 when it stood at +2.1%. Compared with a month earlier, the index was up by 0.2% in November 2013. The provisional HICP results of 28 November 2013 were thus confirmed.
Further information on consumer price statistics is provided by Fachserie 17, Reihe 7, which is available for download from the website of the Federal Statistical Office at www.destatis.de, path: Publikationen > Thematische Veröffentlichungen > Preise .
For further information:
tel: +49 611 75 4777,