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BERLIN (Reuters) – Inflation in Germany's most populous regions remained above the European Central Bank's target in November, according to data released on Thursday, backing up the bank's arguments. central government in favor of a gradual reversal of its monetary stimulus measures in the euro area.
As price pressures tightened in the eurozone, last month the ECB confirmed its intention to end its € 2.6 trillion bond purchase program (3 billion euros). 000 billion dollars) by the end of this year and raising interest rates for the first time since 2011, after next summer. .
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The objective of the ECB is to keep inflation in the euro area close to 2% per year, but just below.
The annual inflation rate of North Rhine-Westphalia, the most populous of Germany, remained unchanged at 2.4%, according to preliminary data from the regional office. of statistics.
This is the highest reading since October 2011.
In Bavaria, the second most populous country, and in Baden-Württemberg, the third annual inflation rate was measured at 2.7%, after 2.8% the previous month.
Inflation records, which are not harmonized to compare with other euro area countries, feed the national data expected at 13:00 GMT.
A survey carried out before the publication of regional data revealed that the harmonized harmonized inflation rate (HICP) in Germany would slow down from 2.4% in October to 2.3%, which was the highest level reached since February 2012.
The euro zone will release preliminary data on inflation for November on Friday. The overall figure is expected to slow to 2% after 2.2% in October.
(Joseph Nasr Report, edited by Mark Potter)
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