Germany's consumer price inflation remained unchanged in November, as initially estimated, but EU harmonized inflation accelerated, Destatis said Friday.
The consumer price index rose 2.3 percent year-on-year, the same as in October. The statistical office confirmed the estimate published on November 28.
"The increase in service prices continues to drive up inflation," Destatis President Ruth Brand said. "On the other hand, the development of energy and food prices has had a downward effect on inflation in November also," Brand.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.