Inflation in Germany, the euro zone's biggest economy, remained steady at 2.3% in November, way above the European Central Bank's ceiling of 2%, final consumer price data shows today.
The German consumer price index (CPI) declined by 0.5% in November from the figure for October, but was 2.3% higher than it had been in November 2004, the federal statistics office, Destatis, said.
The final November CPI data confirmed a preliminary estimate published late last month. Using the harmonised index of consumer prices (HICP), which is the ECB's yardstick for inflation, the annual rate of inflation in Germany also stood at 2.3% in November, the statisticians found.
The ECB defines price stability as consumer price increases of close to but just under 2%.
