Friday 16 January 2015

Germany’s 2014 Inflation the Lowest in Five Years


Germany finished the year 2014 with inflation at 0.9 percent, its lowest rate since 2009, the Federal Statistical Office (Destatis) announced on Friday, confirming its previous estimates.

The low rate of inflation was due primarily to the evolution of prices in the second half of the year.

A determining factor was the 2.1 percent fall in energy prices, so if these had been excluded from the calculations, the rate of inflation would have been 1.3 percent.

In December, the annualized rate of inflation was 0.2 percent, after it had been at 0.6 percent in November.

Food prices rose by 1.0 percent.

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