Inflation in Hesse at lowest level since June 2021
Inflation in Hesse weakened further in November and fell below the 3 percent mark. Consumer prices were 2.9 percent higher than in the same month last year, according to the State Statistical Office in Wiesbaden on Wednesday. According to the data, this was the lowest figure since June 2021, when it was 2.0 percent. In October 2023, the inflation rate was still at 3.6 percent and in September at 4.7 percent.
Energy prices fell by 3.1% in November compared to the same month last year. According to the statisticians, natural gas cost 19.5 percent less than in November 2022, while prices for heating oil (down 17.9 percent), district heating (down 17.3 percent) and firewood and wood pellets (down 12.8 percent) also fell. Gasoline cost an average of 6.1% less than in the same month last year. Electricity, on the other hand, increased in price by 8.0 percent.
According to the figures, food prices again rose at an above-average rate. However, at 4.9 percent, the increase was less pronounced than in previous months. Consumers had to dig deeper into their pockets than in November 2022, particularly for bread and cereal products (up 8.6%), sugar, jam, honey and other confectionery (up 7.3%) and fruit (up 10.5%).
Compared to the previous month of October, consumer prices fell by 0.4% in November.
Despite the overall decrease in inflation, some consumer prices, such as bread and cereal products, sugar, jam, honey, and fruit, continue to increase, pushing up the costs for consumers. The persistent rise in these prices might be a concern for some consumers, given the current inflation levels that are still above pre-pandemic levels.
Source: www.dpa.com
