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    Home »  News »  Business

    German inflation drops to 1.9 per cent in November; price rises remain below eurozone average

    BERLIN - Official figures show that German inflation dropped slightly in November and remains below the average rates seen elsewhere among the 17 European Union countries that use the euro.

    The Federal Statistical Office said Wednesday that German prices were 1.9 per cent higher in November than the year before, compared to October's level of 2 per cent. It credited the modest drop to a smaller rise in household energy and motor fuel costs.

    Using the calculation used by Eurostat, the EU's statistics office, the rate in Europe's largest economy was also 1.9 per cent, compared to 2.1 per cent in October. The eurozone saw inflation fall to 2.2 per cent in November from 2.5 per cent in October.

    The ECB's target is to set policy to achieve an inflation rate of just below 2 per cent.


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