Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
dpa

HOME > dpa

German inflation stuck below zero for fourth month in a row

January 11, 2021


Abstract : ​German inflation remained below zero for the fourth consecutive month in December, in the wake of the economic slump unleashed by the coronavirus crisis.

German inflation remained below zero for the fourth consecutive month in December, in the wake of the economic slump unleashed by the coronavirus crisis.

Annual inflation in the eurozone's biggest economy ended 2020 stuck at minus 0.3 percent, the Federal Statistical Office (Destatis) said in preliminary data released on Wednesday.

Analysts had expected inflation to edge up to minus 0.2 percent for the month, from a November reading of minus 0.3 percent.

The European Central Bank's (ECB) annual target for consumer prices in the 19-member eurozone calls for an inflation rate of just below 2 percent. Weak German consumer prices have helped to ensure that the ECB retains an ultra-loose monetary policy.

The German December inflation data follows a sharp fall in energy prices, triggered by the global health crisis, combined with Berlin's move to lower indirect sales tax to help underpin consumer spending.

Year on year, energy prices slumped by 6 percent in December as economic activity slowed, the Destatis data showed.

However, Germany's inflation rate stayed in positive territory for the whole of 2020, averaging 0.5 percent, compared with 2019, when the consumer price rate stood at 1.4 percent, Destatis said.

Nonetheless, inflation in 2020 came in at its lowest level since 2016.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: ​German inflation

Reading:

​SW. China's Chongqing remains leading in sci-tech innovation, report

​Chinese economy expected to conclude steady in 2020

​China's cross-border e-commerce gains strong momentum

​Multiple bilateral agreements implemented, speeding up China's opening-up

China-EU investment agreement to inject new life into global economic recovery

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial