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Germany's CPI rose by 2.3% year-on-year in November, below expectations, while the preliminary harmonized CPI unexpectedly climbed to 2.6%, reaching a nine-month high.

Germany's CPI rose by 2.3% year-on-year in November, below expectations, while the preliminary harmonized CPI unexpectedly climbed to 2.6%, reaching a nine-month high.

Germany’s harmonized inflation rate unexpectedly rose to 2.6% in November, reaching a nine-month high. Although ECB policymakers have recently expressed satisfaction with the inflation outlook, the latest data indicate that price stability risks have not disappeared. On November 28, data released by the German Federal Statistical Office showed
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