German Inflation Slows Amid Growth Fears | Business| Economy and finance news from a German perspective | DW | 11.12.2002
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German Inflation Slows Amid Growth Fears

German inflation slowed to 1.1 percent in November, according to figures released by the Federal Statistics Office. The office said the drop from 1.3 percent in October was led by a decline in food prices. The European Central Bank cut its key interest rate by half a percentage point last week in a move signaling that it is more concerned about slow growth in the euro zone than inflation. The bank said that slow growth will keep inflation in check next year.