In December, energy prices rose 24.4%, well below the 38.7% increase in November. The price of the food it also experienced a slight drop to 20.7% from 21.1% in the previous month. The rentsfor their part, remained stable at 1.9%.
Except for services, which increased slightly to 3.9% in December from 3.6% in November, all indices have decreased in the last month of the year.
Since the beginning of the war in Ukraine, energy and food prices in particular have risen sharply and they have had a significant impact on Germany’s inflation rate, which reached a record 10.4% last October.
However, in December 2022, “the monthly discount for gas and heating by the federal government has had an effect in reducing prices“, indicates the entity. However, they prefer to remain prudent and point out that “the concrete effect of the so-called emergency aid in December cannot yet be illustrated on the basis of preliminary results.”
In this sense, we will have to wait until next january 17date on which Destatis will publish the detailed information with the final results.
Source: Ambito
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