German inflation unexpectedly slows in November ...Middle East

FRANKFURT: German inflation unexpectedly slowed in November after months of increases, preliminary data showed Tuesday, as sky-high energy prices begin to ease.The inflation rate in Europe’s top economy fell back to 10 percent this month, federal statistics agency Destatis said, after hitting a record high of 10.4 percent in October.Analysts surveyed by Factset had expected an acceleration of 10.5 percent in November.The surprise dip comes as “energy prices have eased slightly”, Destatis said, although it noted they were still 38.4 percent higher than a year earlier.As in other countries across Europe, Germany’s recent consumer price hikes have been fuelled by soaring food and energy costs i

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