Germany: Inflation remains at two-year high in November
November 29, 2016
Consumer prices in November rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 November. The result met market analysts’ expectations and was down from the 0.2% increase registered in October.
Inflation was stable in November at October’s 0.8%, the highest level since September 2014.
Harmonized consumer prices in November edged down from a 0.2% increase over the previous month in October to a flat reading. HICP inflation in November was stable at October’s 0.7%, remaining at a two-year high. Meanwhile, average HICP inflation inched up to 0.3% in November following the 0.2% print observed in October.
Author: Christopher Mc Innes, Economist