Mubasher: Inflation in German rose more than expected in November, according to the data of the Federal Statistics Office.
The increase in the Consumer Price Index (CPI) comes on the back as the economy and labor market boomed, supported by loose euro zone monetary policy, as well as the rise in food and fuel costs.
The growth in energy and food prices led to an increase in inflation rate to 1.8%, beating expectations of 1.7%, and compared to a 1.5% price growth seen in the previous month.
Prices went up by 0.3% month-on-month, more than the 0.2% forecast.
