German Inflation Hits 29-year High In November
Sumaira FH Published November 29, 2021 | 07:35 PM
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
Frankfurt, (APP - UrduPoint / Pakistan Point News - 29th Nov, 2021 ) :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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