WORLD German inflation hits 29-year high of 5.2% in November: data

WORLD

German inflation hits 29-year high of 5.2% in November: data

AFP

21:10, November 29, 2021

Two cyclists ride past a giant advertising poster showing a person holding a glass of milk with the so called 'Merkel rhombus' in Berlin, Germany, Sunday, Sept. 19, 2021. (Photo: AP)

German consumer prices hit a 29-year high in November, preliminary data showed Monday, as soaring energy costs and supply chain bottlenecks weigh on Europe's top economy.

The annual inflation rate rose by 5.2 percent, accelerating for the fifth month in a row, with the surge partially driven by a 22-percent jump in energy prices, federal statistics agency Destatis said.

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