German inflation falls to 2.3% in November
Falling energy prices lower inflation in the eurozone’s main economy
Germany’s headline inflation rose by 2.3% year on year in November, according to early estimates by the federal statistical office today (November 29).
In October, Germany’s harmonised consumer price index increased by 3%. In the eurozone as a whole, the CPI increased by 2.9%.
As in previous months, lower energy prices are the key contributing factor to the acceleration in the disinflationary process. In November, energy prices declined by 4.5% from the same month in 2022.
Although higher
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