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1/16, 8:00 AM (Source: TeleTrader)
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German inflation at 1.4% in 2019

Consumer prices in Germany rose 1.5% in December compared to the same month a year earlier, the Federal Statistical Office (Destatis) on Wednesday, thus confirming its provisional estimate. The figure marks an increase from November's annual inflation rate of 1.1%.

Compared to the previous month, consumer prices in Europe's largest economy were 0.5% higher. The harmonized index of consumer prices for Germany increased by 1.5% compared to December last year and gained 0.6% month on month.

In the whole year 2019, German consumer prices climbed 1.4% on an annual average compared to the previous year. The figure marks a decline from 2018 when German annual inflation stood at 1.8%. Goods prices were up by 1.3% in 2019 and prices of services rose 1.5% compared to 2018. Energy prices added 1.4% in the twelve-month period, while food prices gained 1.4% year over year.

Breaking the News / NP