10,727.58 TRY BIST 100 BIST 100
36.60 USD USD USD
5.09 CNY CNY CNY
39.76 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
37.05 TRY Interest Interest
70.45 USD Fossil Oil Fossil Oil
33.88 USD Silver Silver
4.94 USD Copper Copper
104.46 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,518.13 TRY Gold (gr) Gold (gr)

December inflation in Germany at the highest level in the last 30 years

Destatis announced the December 2021 leading data on price increases. Accordingly, annual inflation in Germany rose to 5.3 percent.

December inflation in Germany at the highest level in the last 30 years

Germany's Federal Statistical Office (Destatis) reported that annual inflation in Germany, which was 5.2 percent in November 2021, increased to 5.3 percent in December 2021 due to energy prices and the epidemic, reaching the highest level of the last 30 years.

HIGHEST LEVEL SINCE 1992
This was the highest inflation rate since June 1992 (6.2 percent). Inflation in the country increased by 0.5 percent on a monthly basis.

INCREASING ENERGY PRICES WAS EFFECTIVE
It is noteworthy that energy prices increased by 18.3 percent on an annual basis, while the annual increase was 6 percent in food prices and 3.1 percent in services.

EU-compliant leading CPI in Germany increased by 0.3 percent in December compared to the previous month and by 5.7 percent annually.

Destatis also reported that inflation averaged 3.1 percent in 2021, reaching its highest level since 1993.

Meanwhile, before the coronavirus epidemic, inflation was 1.4 percent in 2019 and 0.5 percent in 2020, the first year of the epidemic.

Experts say that annual inflation in the country has remained high for the last 6 months; He stated that the end of VAT reductions, supply bottlenecks, and the increase in raw material and energy prices were effective.

INFLATION WILL DOWN IN THE COMING MONTHS
Analysts expect inflation in Germany to decline in the coming months as the base effect in price comparisons is over.

The Economic Expertise Board (SVR), which provides economic advice to the German government, expects average inflation to be 3.1 percent this year and 2.6 percent next year.

"INFLATION CANNOT BE EXPECTED TO DOWN A FLAT LINE"
ING Germany Chief Economist Carsten Brzeski, in his assessment on the subject, stated that the highest inflation increase has been seen in Germany since the early 1990s in 2021, “Today's inflation figures indicate the peak of the increase in inflation rates. However, it is unlikely that inflation will go down in a straight line from here.” used the phrase.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's automotive production decreased by 9% in February

Monday, March 17, 2025

Number of paid employees increased by 2.2% y/y in January

Friday, March 14, 2025

House sales in Türkiye increased by 20.1% y/y in February

Thursday, March 13, 2025

China announces emission reduction targets for steel industry

Thursday, March 13, 2025

Iraqi PM announces new steel plant project

Tuesday, March 11, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now