Germany

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Energy Products in Germany Increase by Over 20% Driving the Inflation Rate Further

According to Germany’s Federal Statistical Office (Destatis), the consumer price index (CPI) rose by 4.9% year-on-year in January. This is slightly below the figures for December, when the inflation rate rose to 5.3%, which was the highest level in 30 years. On a monthly basis, the consumer price index rose by 0.4% by German standards …

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Industrial Production in Germany Shrinks by 0.3% in December

As the German Federal Statistical Office announced today, German industrial production fell in December. Bottlenecks in the supply chain and declining construction activity are said to be responsible for this, causing Europe’s largest economy to limp to the end of last year. German industrial production fell by 0.3% in December compared with the previous month, …

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China’s Trade With Germany Reached a Record High in 2021

China will remain Germany’s most important trading partner in 2021, according to the Federal Statistical Office. Trade between the two countries reaches a record level. Xinhua news agency reported that exports and imports between China and Germany increased by 14.7% year-on-year to 222.3 billion euros in January-November 2021. The report states that “China’s importance to …

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Inflation in Germany rises by 4.9% in January – DESTATIS to Adjust Inflation Measurement

According to the German Federal Statistical Office (Destatis), the consumer price index (CPI) rose by 4.9% year-on-year in January 2022. The data thus show a slowdown for the first time, as in December 2021, the CPI still rose by 5.3%. The Federal Statistical Office believes that inflation figures are still very high and states that: …

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Germany: Natural Gas Storage Facilities are Empty, but Natural Gas Remains Politicized

Nord Stream 2, probably one of the most hotly debated topics in Europe when it comes to energy. The pipeline, which is supposed to bring gas from Russia to Germany, is still waiting for approval from the German Federal Energy Agency. The construction of the pipeline has been ready since September, but the German Federal …

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