December Release of the ECF Energy Price Monitor

Costs to German consumers fall by just over one percent / Cheapening of fuel pushes down inflation by a third

Grafik Dezember EnglishBERLIN – The most recent slump in prices on the global crude oil market has led to a record-breaking fall in energy prices for German consumers in November for the second time in a row. Compared to October, average energy prices decreased by 1.1 percent. In the previous month, they had fallen even more significantly, by 1.5 percent. Consequently, the average German consumer has not had to pay this little for energy since December 2011. These are the conclusions of the December installment of the Energy Price Monitor, used by the European Climate Foundation each month to analyze the trends in energy costs for German consumers.