Germany November Consumer Prices Rise On Year

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Consumer prices in Germany grew 0.3% year-on-year in November after staying flat in October, a preliminary report from the Federal Statistical Office showed on Thursday. Economists had expected a 0.5% increase.

On a monthly basis, consumer prices dropped 0.2% in November, while economists expected prices to remain flat.

The harmonized index of consumer prices climbed 0.4% annually in November, rebounding from the 0.1% decrease in the prior month, and roughly in line with expectations for a 0.5% increase. Compared with the previous month, harmonized consumer prices edged down 0.1%.

Consumer prices in Germany grew 0.3% year-on-year in November after staying flat in October, a preliminary report from the Federal Statistical Office showed on Thursday. Economists had expected a 0.5% increase. (Market News Provided by RTTNews)