Germany's annual inflation hits 4-month high in November

By Tuba Ongun

ANKARA (AA) – Germany’s annual inflation rate rose to a four-month high of 2.2% in November, according to preliminary data released Thursday.

The figure accelerated from 2% in October but fell just short of the market expectation of 2.3%.

Energy prices continued their year-on-year decline, though at a slower pace, dropping 3.7% in November compared to a 5.5% fall in October.

Food inflation, on the other hand, eased to 1.8%, down from 2.3% the previous month.

Core inflation, which excludes volatile food and energy prices, reached a six-month high of 3% in November.

On a monthly basis, consumer prices dropped 0.2% in November, reversing October's 0.4% hike and aligning with market forecasts.