Producer prices of agricultural products rise more slowly


Agriculture

The producer prices of agricultural products reflect the development of the sales prices in agriculture (excluding sales tax).

(Photo: IMAGO/Martin Wagner)

Berlin The rise in prices for agricultural products weakened again in November, but continues to indicate that many foods in Germany are becoming more expensive. The producer prices were on average 31.9 percent higher than in the same month last year, as the Federal Statistical Office announced on Friday. The rate of change was 37.9 percent last October and 40.3 percent in September. Compared to the previous month, prices fell by 0.5 percent.

Alongside energy, rising food prices are currently one of the biggest drivers of inflation in Germany: consumers had to pay an average of 24.4 percent more for it in December than a year earlier.

This helped keep the inflation rate exceptionally high at 8.6 percent. The producer prices of agricultural products reflect the development of the sales prices in agriculture (excluding sales tax). They thus show the developments at the first economic level, i.e. even before the goods are sold. The ups and downs give an early indication of the future development of consumer prices.

  • Plant-based products rose in price by 16.7 percent last November. This is largely due to the development of ware potatoes, which cost 70.9 percent more.
  • Grain prices increased by 16.1 percent.
  • An average of 32.0 percent more was demanded for vegetables than in the same month last year. Here the prices for lettuce (+42.5 percent) and cauliflower (+39.6 percent) rose in particular. Fruit, on the other hand, cost 3.4 percent less, with dessert apples, among other things, causing a drop of 17.3 percent.
  • The prices for animal products rose above average by 43.7 percent.
  • 52.1 percent more had to be paid for milk and 40.0 percent more for eggs.
  • According to the Federal Statistical Office, the prices for animals increased by 36.5 percent.

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