German Inflation Accelerated More Than Expected in November
- Consumer prices rise annual 1.8% vs estimated 1.7% gain
- Eurostat set to release euro-area CPI data on Thursday
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German inflation accelerated more than anticipated in November, in a sign that robust growth in Europe’s largest economy may be translating into higher prices.
Consumer prices rose an annual 1.8 percent, the Federal Statistics Office said on Wednesday. That’s faster than October’s 1.5 percent and beats the 1.7 percent median forecast in a Bloomberg survey of economists.