German Inflation Edges Higher in November

The rate of inflation in Germany, Europe's biggest economy, inched higher this month after hitting a three-year low the previous month, final official data showed on Wednesday.

The cost of living rose by 1.3 percent this month on an annual basis, compared with 1.2 percent in September, the federal statistics office Destatis said in a statement.

Using the Harmonised Index of Consumer Prices (HICP), the European Central Bank's inflation yardstick, the rate was measured at 1.6 percent in November, up from 1.2 percent in October.

The ECB defines price stability as increases in HICP of close to but just below 2.0 percent.