German inflation surges to 6% as ECB insists spike will pass
German inflation surged more than expected in November, complicating the European Central Bank's mission to convince consumers that the current spike will soon ease.
Prices increased an annual 6% under a European-Union harmonized measure. A national gauge rose to 5.2%, the highest since 1992.
German bonds extend declines slightly, pushing the 10-year yield four basis points higher to minus 0.30%.