An discount label on a German supermarket shelf (Image credit: Bern James / Shutterstock)

The elevated cost of food is keeping Germany’s inflation rate high, the latest government statistics have revealed.

Figures released today (11 July) by the country’s Federal Statistical Office – Statistisches Bundesamt – revealed inflation in June was 6.4% higher than 12 months earlier and up from 6.1% in May. The rate of inflation had slowed in the previous three months.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Food inflation remained high, at 13.7%, but was down from May’s figure of 14.9%.

In June, almost all food groups continued to be more expensive than a year earlier, the data showed. The price of dairy products rose 22.3% year-on-year, while the combined group of sugar, jam, honey and ‘other confectionery’ was 19.4% more expensive.

Vegetable prices were up 18.8% year on year, while bread and cereal products climbed 18.3%.

See Also:

Bucking the trend were edible fats and oils, which were 12.1% cheaper than a year earlier.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Statistisches Bundesamt also pointed to the lapping of government discounts on fuel and rail fares.

In June 2022, in a bid to counter rising energy prices, the German government cut taxes on fuel and introduced a reduced-cost public transport ticket, causing inflation to fall.

Statistisches Bundesamt president Ruth Brand said: “The inflation rate has thus picked up again after having weakened three months in a row.

“Food is still the strongest price driver. In addition, the federal government’s relief measures from 2022 – [the] €9 ticket ($9.90) and fuel discount – have a base effect that increases the current inflation rate.”

The German inflation rate in June, excluding energy and food, was 5.8%.