Germany’s wholesale prices rose by 1.5% year on year in November 2025, accelerating from a 1.1% increase in the previous month and marking the highest reading since February. The upturn was mainly driven by higher prices for food, beverages, and tobacco, which increased by 3.2%, particularly for coffee, tea, cocoa, and spices (21.9%), sugar, confectionery, and baked goods (12.3%), meat and meat products (7.3%), and live animals (4.8%). Moreover, prices for non-ferrous ores, non-ferrous metals, and related semi-finished products surged by 28.1%. In contrast, prices for scrap materials and residues declined by 6.5%. On a monthly basis, wholesale prices stood at 0.3% in November, unchanged from the previous month and slightly higher than market expectations of a 0.2% increase.

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