Germany

Germany: Animal product prices up 43.7 percent in November

Producer prices of agricultural products were 31.9% higher in November 2022 than in November 2021. The Federal Statistical Office (Destatis) reports that the year-on-year increase continued to slow.

Posted on Jan 25 ,00:10

The year-on-year rate of change had been +37.9% in October 2022 and +40.3% in September 2022. Compared with October 2022, prices fell by 0.5%. The prices of plant products rose by 16.7% on the same month a year earlier, which was a smaller increase than that of animal products prices (+43.7%). The rate of change had been +37.9% for plant products in October 2022 and +46.8% for animal products. Month-on-month changes in November 2022 were -1.5% for plant products and +0.2% for animal products.

Animal product prices in November 2022 were 43.7% higher than in November 2021. The price of milk in November 2022 was 52.1% higher than in the same month last year. Egg price increase was 40.0% compared to November 2021. 

The price of animals in November 2022 increased by 36.5% compared to November 2021. Compared to October 2022, prices decreased by 1.1%. In October 2022, the price increase compared to the same month in the previous year was still 39.2%. The prices for slaughter pigs in November 2022 rose by 56.9% compared to November 2021, compared to the previous month they fell by 2.7%. The price increase for cattle was 14.2% compared to the same month last year. In November 2022, the prices for poultry were 34.2% higher than in November 2021. The main reason for this was the price development for chicken (+34.1%). 

The price of milk in November 2022 was 52.1% higher than in the same month last year. Egg price increase was 40.0% compared to November 2021. 

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