Germany's inflation rate, as measured by the year-on-year change in the consumer price index (CPI), rose to 2.2% in November.
This marks an increase from October, when the rate stood at 2.0%, after remaining below 2% for two months (1.6% in September and 1.9% in August 2024). The Federal Statistical Office (Destatis) reports that a notable increase in service costs was the main cause of inflation in November. On the other hand, energy prices still reduced inflation, although not as much as they had in prior months. When comparing prices to October, consumer prices fell by 0.2% in November.
Source: Destatis
U.S. CPI to Rise 0.3% in November; Annual Inflation at 2.7%In November 2024, the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.3% on a seasonally adjusted basis, according to the U.S. Bureau of Labor Statistics.
Detail Precious Metals Rise on Fed and China Bets (12.11.2024)The US dollar maintained its strength as investors awaited the US inflation report that could influence Federal Reserve policy.
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