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FILE PHOTO: The flags of the European Union and the German nation are photographed before a debate on the consequences of the Brexit vote in the Lower House of Parliament, the Bundestag in Berlin, Germany, on June 28, 2016. REUTERS / Fabrizio Bensch / Photo File
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, bolstering advocacy for a gradual reversal monetary stimulus 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. .
The objective of the ECB is to keep inflation in the euro area close to 2% per year, but just below it.
The annual inflation rate in Germany's most populous state, North Rhine-Westphalia, remained unchanged at 2.4%, as preliminary data from the regional statistical offices show.
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.
According to a survey conducted before the publication of regional data, Harmonized Harmonized Inflation Rate (HICP) in Germany slows down from 2.4% in October to 2.3%, the highest value 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.
Reportage of Joseph Nasr; Edited by Mark Potter
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