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Slight decline: Inflation in Germany surprisingly fell to 10.0 percent in November

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The increase in consumer prices in Germany weakened slightly in November.

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The inflation rate is expected to have reached 10.0 percent compared to the same month last year, as the Federal Statistical Office in Wiesbaden announced in an initial estimate. In October, inflation was still 10.4 percent.

As in the past few months, energy and food prices rose particularly sharply.

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According to the statistics office, energy prices went up by 38.4 percent in November – but that is a “slight relaxation” compared to the past few months. Food was 21.0 percent more expensive in November than a year ago. The prices for services, on the other hand, rose by only 3.7 percent compared to the same month last year.

Compared to October, prices are expected to have fallen by 0.5 percent, as the statistics office further announced. (AFP)

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Source: Tagesspiegel

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