Germany’s wholesale prices climbed to a nine-month high in November 2025, rising 1.5% year over year after a 1.1% increase in October. This marks the strongest annual gain since February, driven mainly by higher costs in food, beverages, and tobacco. Within that category, prices jumped notably for coffee, tea, cocoa, and spices (up 21.9%), followed by sugar, confectionery, and baked goods (12.3%), meat and meat products (7.3%), and live animals (4.8%).
Additionally, prices for non-ferrous ores, non-ferrous metals, and related semi-finished products surged by 28.1%, reflecting stronger demand or input costs in metal markets.
Conversely, scrap materials and residues decreased in price, down 6.5%.
On a monthly basis, wholesale prices rose 0.3% in November, spurred by a higher monthly reading, but the gain was in line with, or slightly above, market expectations of about 0.2%.
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