Inflation in Germany decelerated in November from its 70-year high the previous month, but remains in the double digits at 10%, the Federal Statistical Office (Destatis) said on Tuesday, confirming a first estimate issued two weeks ago, the dpa reported. The annual rate of inflation had risen for three months in a row, reaching 10.4% in October, driven by soaring energy and food costs. Energy cost 38.7% more in November than a year earlier. The price increase therefore slowed somewhat after a 43% rise in October. Consumers had to pay 21.1% more for food than in November 2021. Compared with the previous month, consumer prices fell by 0.5% overall in November.
