Germany's annual inflation at 2.2% in November

ISTANBUL

The annual inflation rate was at 2.2% in November in Germany, the federal statistical bureau Destatis revealed on Tuesday.

Destatis recalled that the rate stood at 2% in October 2024 after two months below the 2% mark -- 1.6% in September and 1.9% in August.

Inflation in November 2024 was particularly fueled by above-average price increases for services, Destatis noted.

It said: "By contrast, the development of energy prices again had a dampening effect on the inflation rate in November 2024, but the effect was less pronounced than in the previous months."

On a monthly basis, consumer prices were down 0.2% in November 2024.