Germany: Inflation edges down to almost five-year low
December 11, 2014
Consumer prices were unchanged over the previous month in November, according to data released by the Federal Statistics Office (Destatis) on 11 December, contrasting October’s 0.3% price drop and meeting market expectations.
Annual headline fell from October’s 0.8% to 0.6% in November, the lowest inflation rate since February 2010. Annual average inflation declined from October’s 1.1% to 1.0% in November, marking a 49-month low.
Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) inched down from October’s 0.7% to 0.5% in November. Annual average HICP inflation also declined in November, falling from October’s 1.0% to 0.9%.