German inflation climbed to 2.2% in November, with core inflation at 3.0%, driven by service costs.

German inflation rose to 2.2% in November, up from 2.0% in October, driven by a slower decline in energy prices. Core inflation, excluding food and energy, hit 3.0%, fueled by higher service costs. Despite the rise, experts predict inflation will stay close to 2% to 2.5% next year due to expected slowing wage growth. The European Central Bank may further cut interest rates to stimulate the economy amid signs of economic slowdown.

November 28, 2024
20 Articles