By Nina Adam
FRANKFURT--Germany's annual inflation rate failed to accelerate further in November, a development that might disappoint policymakers at the European Central Bank, eager to boost inflation across the eurozone.
Consumer prices, measured according to harmonized European Union standards, were unchanged on the month, but 0.7% higher than in November last year, Germany's Destatis statistics office said Tuesday.
Economists polled by The Wall Street Journal had forecast another slight increase in the harmonized rate, to 0.8% in November from 0.7% in October in annual terms?. By contrast, Germany's inflation rate ?dropped into negative territory in February and April ?this year?.
German goods prices increased 0.5% from November last year, while services prices rose 1.1%, led by a 1.4% rise in rents, ?according to Destatis.?
??Emese Bartha contributed to this article.??
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(END) Dow Jones Newswires
November 29, 2016 08:40 ET (13:40 GMT)
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