Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Germania. Luglio21. Consumer price index, CPI, +3.8% sul Luglio20.

Giuseppe Sandro Mela.

2021-07-30.

2021-07-30__ Germania CPI 000

In sintesi.

– +3.8% on the same month a year earlier (provisional)

– +5.4% Goods

– +11.6% energy

– +4.3% Food

– Since January 2021, the VAT rates of nearly all goods and services have been back to their previous levels

2021-07-30__ Germania CPI 001

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Germania. Giugno21. PPI, Prezzi alla Produzione +8.5% anno su anno. – Destatis.

«Energy prices as a whole increased by 16.9% compared to June 2020 and by 2.2 compared to May 2021 …. National CO2-pricing that has been introduced in January 2021 on several energy products also had a great impact on the price increase of energy …. natural gas sold to industrial consumers with an annual consumption of 116 300 MWh increased by 34.1% disregarding CO2-pricing, including CO2-pricing they rose by 45.6%.»

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Quando i costi per l’energia salgono del 16.9% e quelli per il gas naturale del 45.6%, più che inflazione non si genera. Se poi si tenesse conto degli interessi negativi, i Contribuenti tedeschi sembrerebbero essere stati torchiati anche oltre il limite di sopportazione.

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Destatis. Inflation rate expected to be +3.8% in July 2021

Pressrelease #363 from 29 July 2021

Consumer price index, July 2021:

+3.8% on the same month a year earlier (provisional)

+0.9% on the previous month (provisional)

Harmonised index of consumer prices, July 2021:

+3.1% on the same month a year earlier (provisional)

+0.5% on the previous month (provisional)

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WIESBADEN – The inflation rate in Germany, measured as the year-on-year change in the consumer price index, is expected to be +3.8% in July 2021. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to rise by +0.9% on June 2021.

The further increase of the inflation rate in July is caused, in particular, by a base effect: the value-added tax rates were temporarily reduced in July 2020 on account of the coronavirus crisis. Since January 2021, the VAT rates of nearly all goods and services have been back to their previous levels. It is very difficult to quantify the base effect precisely as there are other effects such as CO₂ pricing and the usual market developments. Arithmetically, the effect of the value-added tax reduction in July 2020 amounted to -1.6 percentage points.