12/30 German inflation beats forecasts in December

Edited by walterp on . Posted in News In Brief

German inflation slowed slightly in December, but still beat forecasts for the second month in a row, official data showed Friday, in an encouraging sign for the European Central Bank. Consumer prices in Europe’s biggest economy rose by 1.7 percent year-on-year this month, according to figures from federal statistics authority Destatis, faster than the 1.5-percent growth predicted by analysts. But the figure was still 0.1 percentage point lower than in November. The Harmonized Index of Consumer Prices — the ECB’s preferred yardstick — also slipped by 0.2 percentage point to 1.6 percent, Destatis calculated.  

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