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German Inflation Slows Unexpectedly

By Jyotsna V   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany's consumer price inflation slowed in November amid a sharp easing in energy price growth, which still remains strong, while economists cautioned that it is too early to say inflation has embarked on a downward trend in the biggest euro area economy.

The consumer price index, or CPI, rose 10.0 percent year-on-year following a 10.4 percent increase in October, preliminary data from the statistical office Destatis in Wiesbaden showed Tuesday. Economists had expected the inflation rate to remain steady.

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