Today’s news / Germany

Germany

Inflation in Germany is getting closer and closer to normal levels after a couple of years of unusually large price increases. Thus, inflation in the German market looks set to end at 3.2 percent in November, according to a preliminary statement from the German statistics agency. This is the lowest inflation rate recorded in Germany since June 2021. In October, inflation in the German market was measured at 3.8. And the month before, in September, inflation was 4.5 percent. According to Allan Sørensen, chief economist at the Confederation of Danish Industries, German inflation has slowed more than economists had expected. “Inflation in Germany slowed more than expected in November. It is very good news for the European Central Bank that inflation is coming down in the eurozone’s largest economy by far,” he said in a written commentary. /ritzau/