In November, German inflation remained stable at 2.4%, which was a surprise to analysts who had expected it to rise to 2.6%. The Federal Statistical Office (Destatis) provided this data.
The steady inflation rate is seen as beneficial for the European Central Bank (ECB) as it may allow them to continue lowering interest rates. The unchanged inflation rate can be attributed to a decrease in food prices, which balanced out the impact of energy costs. This could potentially influence the ECB's decisions regarding monetary policy as they navigate the economic situation in Europe's largest economy.