German Inflation Jumps to Nine-Month High as ECB Ponders Outlook

Germany’s inflation rate unexpectedly rose to the highest level in nine months, offering a reminder before the European Central Bank’s final meeting of the year that risks to price stability remain.

The reading came in at 2.6% in November, up from 2.3% last month, according to data published by the statistics office. Economists surveyed by Bloomberg predicted a smaller pickup to 2.4%.