Inflation & Prices
German Inflation Sinks More Than Expected as Energy Retreats
- Consumer prices rose 2.3% from year ago in November; est. 2.5%
- Costs of fuels and travel fell sharply from the prior month
Lebkuchen for sale at a Christmas market in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German inflation eased more than forecast in November on retreating energy and travel costs, putting the European Central Bank’s 2% target within reach.
Consumer prices rose 2.3% from a year ago — down from 3% in October and less than the 2.5% estimated by economists in a Bloomberg survey. They fell 0.7% on the month, with package tours alone responsible for 0.15 percentage point of the decline.