German inflation unchanged at 2.3% in Nov, clothing up 0.4%
16 Dec 25 1 min read
Insights
- Germany's inflation rate held steady at 2.3 per cent year on year in November 2025, unchanged from October and slightly lower than September.
- Clothing prices rose moderately by 0.4 per cent.
- Energy prices declined 0.1 per cent compared with a year earlier, easing less than in October.
- Core inflation softened to 2.7 per cent, indicating continued price pressures beyond food and energy.
Germany’s inflation rate has remained unchanged at 2.3 per cent year on year (YoY) in November 2025, matching October and easing slightly from 2.4 per cent in September, according to the Federal Statistical Office (Destatis).
Clothing prices recorded a moderate increase of 0.4 per cent, adding to underlying price pressures.
Energy product prices were 0.1 per cent lower than in November 2024, marking a softer decline compared with a 0.9 per cent YoY drop in October 2025. While easing energy costs provided limited relief, inflation in other major product groups remained elevated, Destasis said in a press release.
- IMF lifts China’s 2025 GDP growth forecast to 5%
- US NFIB small biz optimism index up 0.8 points in Nov 2025
- US Fed cuts policy rate by 25 bps to 3.5-3.75% as job risks rise
- Dutch inflation eases in November as consumer prices fall MoM
- Australia holds cash rate at 3.6% as inflation risks rise
- Philippine manufacturing sector faces sharp slowdown in November
Excluding energy, the inflation rate stood at 2.5 per cent in November 2025, unchanged from the previous month. Core inflation, which excludes both food and energy, eased marginally to 2.7 per cent from 2.8 per cent in October. The data indicate that underlying inflationary pressures persist despite stabilisation in headline inflation.
"As the end of year approaches, the development of consumer prices has stabilised for now", said Ruth Brand, President of the Federal Statistical Office (Destatis).
Fibre2Fashion News Desk (HU)
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