The rate of inflation in Germany decreased slightly in September to 1.4 percent, the lowest in five months, official data showed on Friday. The slight decrease was mainly due to the price development of mineral oil products, which dropped by 6.5 percent, though consumer prices in September remained the same as August, rising by 1.4 percent year-on-year, said the Federal Statistical Office (Destatis) in Wiesbaden. In yearly terms, electricity prices increased by 11.5 percent and food prices went up by 4.7 percent -- markedly higher than the overall inflation rate. Measured by the harmonized index of consumer prices, which was used for European purposes, inflation in Europe's largest economy rose by 1.6 percent in September -- below the medium-term price stability maintenance target of 2 percent set by the European Central Bank (ECB). For the whole euro zone, initial data from European statistical office Eurostat showed annual inflation in September was 1.1 percent. Faced with no urgent threat to price stability, the Frankfurt-based ECB has decided to maintain the interest rate in the common currency area at an historically low level of 0.5 percent.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor