German Inflation Misses Estimate

By Unknown

Senin, 18 Juli 2016

German Inflation Misses Estimate

German inflation slowed unexpectedly in a sign that price growth in the euro 19-nation area may also be lower than expected .

The consumer prices in the largest economy in Europe grew 0.2 percent a year in December, after rising 0.3 percent in November, the Office federal statistics Wiesbaden said Monday. Economists predicted a pickup to 0.4 percent, according to the median of 20 estimates in a Bloomberg survey.

Before today's report, economists expect the euro zone inflation accelerated to 0.4 percent last month from 0.2 percent in November. Eurostat will publish figures on Tuesday.

The data could trigger calls from the European Central Bank to increase stimulus just a month after the last effort of President Mario Draghi to rekindle inflation and encourage a fragile economic recovery were met with disappointment Financial Markets. A renewed decline in oil prices is dampening expectations that inflation rates are expected to increase in the coming months, endangering forecast the ECB to an average rate of 1 percent in the euro area this year.

in December, the ECB predicted euro zone inflation would accelerate to 1.6 percent in 2017 from 0.1 percent last year. The Bundesbank expects German inflation to 2 percent next year. The statistics office said Monday the average inflation of 0.1 percent in 2015.

Bloomberg

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