German consumer prices November +1.1%, monthly comparison with 0.8% in minus!

The German consumer prices for the month of November have just been published in advance. In a year-on-year comparison, it remains at a growth rate of 1.1%, as in October. But in the monthly comparison, which most press agencies like to focus on, there is a minus of 0.8%. Yes, a minus! The energy prices are in the large picture (on annual view) around 3,7% declining. Most recently, the data for August were positive. After +1.1% in October, food prices rose by 1.8% in November, thus saving the average somewhat.

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