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This year cost 2.3 percent more than last

The Local · 29 Dec 2011, 14:50

Published: 29 Dec 2011 14:50 GMT+01:00

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Preliminary results showed that although price increase rates for December were down to 2.1 percent from a high of 2.4 percent in November, the average for the year was 2.3 percent, according to the national statistics office Destatis.

Although this was above the European Central Bank aim which is to keep inflation at close to but below 2.0 percent in the 17 eurozone countries, it was still lower than the three-year high of 2.6 percent seen in September.

Statisticians calculated the inflation data on the basis of consumer price data for six key German states.

Using the EU's Harmonised Index of Consumer Prices or HICP, the cost of living in Germany rose by 2.5 percent on a 12-month basis in December, down from 2.8 percent in November. The HIPC is the ECB's inflation yardstick calculated slightly differently from the preliminary national figures, thus giving different figures.

Final data, based on statistics for all 16 states, are scheduled to be published on January 16.

Story continues below…

DAPD/AFP/The Local/hc

The Local (news@thelocal.de)

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Your comments about this article

17:25 December 29, 2011 by Englishted
What would be the effect of this news,that Germany broke the E.C.B.'s rules if the new rules being pushed through to "save" the Euro were in place ?.

Would it be as I suspect brushed under the carpet as Germany makes the rules but does not keep them as was the case before.
17:26 December 29, 2011 by William Thirteen
and how much did wages increase? oh yeah, zilch...
14:10 December 30, 2011 by alexagainstalex
Still pretty good compared to other G10 countries:


In other words, I'll take 2.4 the US' 3.4 (where wages did not increase EITHER).

I think we must begin to accept that the only country with a sound fiscal policy in the Eurozone is germany. I was always taught: listen to whoever has got things right.
09:53 January 4, 2012 by heyheyhey
Englishted"..........can you quit your bitching and moaning about Germany? If you dislike Germany so much then pack your bags and go home. Also, please don' t let the door hit you in the arse on the way out.

Old women complain less than you. Typical transplant!
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