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German Dairy Prices Rise 32% In One Year

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German Dairy Prices Rise 32% In One Year

German grocery consumers have been hit by major price rises for basic foodstuffs over the past twelve months, figures released on Monday showed.

Butter and milk showed the most striking price rises, increasing by 32.1% and 18.2% figures from the German Federal Office of Statistics revealed this week.

Cheese and yogurt also cost 8.8 % more over the 12 months.

Wine costs 7.5% more, while potatoes have gone up by 6.4%. Bread prices have also gone up 2.9%.

However, some key products have actually fallen in price, Focus reported. Coffee prices are down 2.5 %, whilst meat, excluding poultry, is on average 2.4%.

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August saw an average price rise of 3.7%, and in July it was 4.1%.

The "producer price" statistics measure the price of the goods as they leave the manufacturer, before they enter the market, so they can be used as an indicator of how consumer prices are likely to develop.

In contrast, the overall average "producer price" of goods, including metal, wood products and energy, fell by 0.5% compared to September last year.

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