German Consumer Prices Lower in November as Fuel Prices Drop

Wednesday, 13 Dec 2006 | 10:19 AM ET

German consumer prices dipped in November as lower fuel prices caused an easing on costs in Europe's biggest economy.

According to a report released Wednesday by Destatis, Germany's federal statistics agency, preliminary figures found the consumer price index fell 0.1% last month from the previous month and was up 1.5% compared to November 2005.

Economists had expected prices to decline 0.2%. Excluding fuel and energy prices during November, the consumer price index would have risen 1.7% on the year.

Consumer prices calculated according to harmonized European Union standards were also confirmed for November, Destatis said, with final figures matching preliminary, including 1.5% on the year and down 0.1% from October.


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