Poland Becomes Sole EU MiCA Holdout After Parliament Fails to Overturn Veto
Crypto21:06
CZ Emphasizes Strict Private Key Isolation for Hardware Wallets
Macro21:06
US Small Business Bankruptcies Surge to Records as Inflation Persists
Alert
Germany Preliminary CPI Misses Estimates at +2.3%, Harmonized Data Hotter at +2.6%
11/28/2025, 13:01
11/28/2025, 13:36
AI SUMMARY
●Germany's preliminary CPI rose 2.3% YoY in November, falling short of the 2.4% estimate.
●Harmonized CPI exceeded expectations at 2.6% YoY against a forecast of 2.4%.
●Monthly consumer prices decreased by 0.2%, presenting a mixed inflation picture.
Germany's preliminary consumer price index (CPI) for November increased by 2.3% year-on-year, coming in below the market estimate of 2.4%. On a month-on-month basis, consumer prices declined by 0.2%, compared to the consensus forecast of a 0.3% drop. This softer headline inflation reading contrasts with persistent price pressures seen in the harmonized data.
The Harmonized Index of Consumer Prices (HICP), which is used for Eurozone comparisons, painted a different picture, rising 2.6% year-on-year. This figure exceeded the analyst estimate of 2.4%. On a monthly basis, harmonized prices dropped by 0.5%. The divergence between the national and harmonized indices presents a mixed inflation outlook for the region as the ECB considers its next policy moves.
[Update 1] Additional reporting confirms the preliminary figures: November CPI rose 2.3% YoY (vs 2.4% est) while Harmonized CPI rose 2.6% YoY (vs 2.4% est). Monthly consumer prices saw a 0.2% decline.