German inflation rises to 1.5 percent

9th December 2010, Comments 0 comments

German 12-month inflation rose to 1.5 percent in November, climbing from 1.3 percent the previous month, to hit the highest rate in two years, official figures showed on Thursday.

Prices rose by 0.1 percent from October, the federal statistics bureau Destatis reported.

With the arrival of winter, it was principally fruits and vegetables, as well as fuel, which accounted for the monthly inflation, the statistics bureau said.

The European Central Bank's preferred annual inflation level is just under 2.0 percent.

German has the biggest economy in the eurozone and in the European Union.

© 2010 AFP

0 Comments To This Article