German inflation rises more than expected to 2.9% in December

German inflation surged to a higher-than-expected 2.9% in December, exceeding analysts’ forecasts and marking the third consecutive month above the European Central Bank’s 2% target. Core inflation rose to 3.1%, with services inflation at 4.1%, driven by less favorable energy base effects. The data comes amidst political uncertainty in Germany ahead of early elections on Feb. 23, following the dissolution of the ruling coalition in November.

Full Article