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German Inflation Eases Slightly in November

Started by Epoch-Times-Bot, Nov 29, 2022, 08:30 AM

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Epoch-Times-Bot

Nov 29, 2022, 08:30 AM
German Inflation Eases Slightly in November

BERLIN—German consumer prices, harmonized to compare with other European Union countries, rose by 11.3 percent on the year in November, preliminary data from the Federal Statistics Office showed on Tuesday, in line with forecasts by analysts polled by Reuters.
October saw the highest reading since comparable data going back to 1996 with harmonized inflation up 11.6 percent on the year.
Compared with October, prices were unchanged, the office added. Analysts had forecast a 0.1 percent month-on-month rise.
The annual increase was due to higher costs for food and energy, which have grown considerably since the war in Ukraine began and have had a substantial impact on inflation, said the office....

Source: German Inflation Eases Slightly in November

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