Sunflower and rapeseed oil prices fell in Germany

The inflation rate in Germany in October 2023 increased by 3.8% compared to October 2022, the press service of the German Federal Statistical Office reported. According to the preliminary report published by the department, in October 2023 the inflation rate was the lowest since August 2021. Then the inflation rate was also at +3.8%. The inflation rate is calculated based on the consumer price index. In October 2023, the decrease in inflation is primarily due to a slowdown in food price growth and a slight decrease in energy prices. Excluding the slowdown in food price growth and lower energy prices, the inflation rate in Germany in October 2023 was +4.3%. Thus, in October 2023, food prices in Germany increased by 6.9% compared to the same period of the previous year. In September this figure was at +7.5%, and in August at +9.0%. ...