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German inflation confirmed at 29-month low in November

From sharecast.com

The final estimate of Germany's consumer price index (CPI) confirmed that inflation fell to its lowest in 29 months in November. In line with the provisional estimates released last week, CPI rose by 3.2% year-on-year last month, down from 3.8% in October, after prices fell by 0.4% during the month, according to Germany's federal statistics office, Destatis. This was the fifth consecutive month of falling annual inflation, with falling energy prices accounting for a large part of the slowdown, while price pressures on food have also eased. Energy prices were down 4.5% year-on-year, after a 3.2% annual decline the ... (full story)

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  • Category: Fundamental Analysis