Wholesale price increase in Germany: November 2025

Main drivers of growth:

The main drivers of wholesale price increases were food , beverages, and tobacco products, which rose by 3.2%. In particular, the most significant increases were seen in the prices of coffee , tea, cocoa, and spices, which jumped by almost 22%. This is due to several factors, including unfavorable climatic conditions in producing countries, leading to lower yields, as well as high transportation costs and supply chain bottlenecks.

In addition, rising prices were observed for sugar , sweets, bakery products, and meat . These changes point to persistent problems in production chains and the high costs faced by producers. For example, rising prices of live animals also indicate strong demand for meat products amid limited supply.
 

Metals and Raw Materials: Price Trends.

Prices for non-ferrous ores and metals increased equally significantly, reaching 28%. This is due to increased industrial demand and a limited supply of raw materials on global markets. High metal prices impact the cost of goods produced from them, which in turn may lead to further increases in prices for end consumers.

At the same time, it's worth noting that scrap and waste prices decreased by 6.5%, partially offsetting the overall increase in wholesale prices. This decline may be due to changes in demand for secondary materials, as well as changes in global markets.
 

Forecasts and Expectations:

Month-on-month, wholesale prices increased by 0.3% in November, matching October's level and exceeding market expectations of a 0.2% increase. This indicates that economic conditions remain tense, and producers continue to face high costs.

Experts expect price pressure to continue in the coming months, which could in turn impact consumer prices. Given the current economic conditions, it is important to monitor market developments to assess their impact on purchasing power and the overall economic situation in the country.

Therefore, the increase in wholesale prices in Germany in November 2025 is an important indicator of current economic trends, and its impact could be felt at both the producer and consumer levels.