Germany's annual inflation rate in November was expected to be 10 percent, slightly down from October's historical high level of 10.4 percent, the federal statistics office said on Thursday.

According to preliminary data by Destatis, consumer prices are also expected to decline by 0.5 percent compared with October.

While food prices showed above-average growth with 21 percent in November, energy prices eased slightly, but still 38.4 percent higher than in the same month a year earlier. Energy inflation was at 43 percent in October, compared to the previous year.​​​​​​​