German Inflation Accelerates to Fastest in More Than Two Years
This article is for subscribers only.
Inflation in Germany, Europe’s largest economy, accelerated to the fastest pace in more than two years in December, led by higher energy costs.
The inflation rate, calculated using a harmonized European method, increased to 1.9 percent from 1.6 percent in November, the Federal Statistics Office in Wiesbaden said today, confirming an initial estimate published on Dec. 29. That’s the fastest since October 2008. In the month, consumer prices jumped 1.2 percent, the biggest gain since December 2002.