The increase in consumer prices in Germany weakened slightly in November.
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.
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
I am a journalist who writes about economics and business. I have worked in the news industry for over 5 years, most recently as an author at Global Happenings. My work has focused on covering the economy news, and I have written extensively on topics such as unemployment rates, housing prices, and the financial crisis. I am also an avid reader and have been known to write about books that interest me.
