German Inflation Hits Highest In Decades, Increasing Pressure On ECB

03 December 2021

German consumer price inflation rose further in November to hit another record high, preliminary data showed on Monday, increasing pressure on the European Central Bank to react.
 
Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose 6.0% year-on-year following an increase of 4.6% in October, the Federal Statistics Office said.
 
Analysts expect inflation to ease again in coming months. ECB board member Schnabel says it is premature to raise rates.
 
Source:  Reuters
Post by : Republic of Turkey Ministry of Trade