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Economic Buzz: German Consumer Prices Accelerate 1.5% On Year In December
16-Jan-20   14:28 Hrs IST

Germany's consumer price inflation rose 1.5 percent year-on-year in December, following a 1.1 percent increase in November and October, final data from the Federal Statistical Office showed on Thursday. This was in line with initial estimate. The latest inflation was the highest since July, when it was 1.7 percent. On a month-on-month basis, consumer prices rose 0.5 percent in December, as estimated. The harmonized index of consumer prices, which is meant for EU comparison purposes, increased 1.5 percent annually in December, following a 1.2 percent rise in the preceding month. This was in line with the initial estimate. On a monthly basis, the HICP rose 0.6 percent in December, as initially estimated.

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