German inflation eases slightly in November

1 min


139
78 shares, 139 points

BERLIN (Reuters) -German consumer prices, harmonised to compare with other European Union countries, rose by 11.3% 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% on the year.

Compared with October, prices were unchanged, the office added. Analysts had forecast a 0.1% 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.

Energy prices eased slightly in November but were still up 38.4% compared with the same period last year, while food prices had similarly increased by 21%, according to the office.

A one-off payment of household energy bills in December and a planned price cap on gas and electricity has stabilized consumer sentiment, but the Bundesbank has warned that it may not be enough to bring inflation down from the double digits.

(Reporting by Miranda Murray, editing by Rachel More and Paul Carrel)

Source: KFGO


Like it? Share with your friends!

139
78 shares, 139 points

What's Your Reaction?

Cute Cute
8
Cute
Fun Fun
26
Fun
Hate Hate
21
Hate
Confused Confused
10
Confused
Fail Fail
2
Fail
Geeky Geeky
24
Geeky
Love Love
16
Love
OMG OMG
10
OMG
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format