Inflation is on nearly thirty-year highs in Germany in November

By: Trademagazin editor Date: 2021. 11. 29. 11:05

According to preliminary data, inflation in Germany rose further in November, according to a report by the German Federal Statistical Office, Destatis, published on Monday.

Prices continue to rise in Germany

In November, according to preliminary data from Destatis, consumer prices rose 5.2 percent year-on-year after the 4.5 percent inflation in October. Analysts expected 5.0 percent inflation in November.

In November, for the first time in 29 years, inflation in Germany reached 5.0 percent. Most recently, in September 1992, a 5.0 percent annual price increase was recorded in Germany. (MTI)