Germany's Inflation Rate Holds Steady at 2.3% in November 2025

According to preliminary data from the Statistisches Bundesamt reported on November 28, 2025, Germany's inflation rate in November stood at 2.3% compared to the same month last year, unchanged from October. Service prices saw the highest rise, increasing by an average of 3.5%, while food prices rose modestly by 1.2%. In contrast, energy prices experienced a slight decline of 0.1%. Core inflation, which excludes the more volatile food and energy prices, was projected at 2.7% for the month.

This stable inflation figure indicates a continuation of moderate price increases across key sectors in the German economy. Services, with a 3.5% rise, remain the main driver of inflation, while food costs show moderate upward pressure. The minor decrease in energy prices slightly tempers overall inflation.

This data comes as European Central Bank policies continue to influence the economic environment, although the inflation report focuses mainly on consumer price changes rather than monetary policy effects. Germany’s inflationary situation remains relatively contained, providing important context for economic planning and consumer confidence heading into the end of 2025.