The European Central bank ECB is pictured in Frankfurt am Main, western Germany, on June 24, 2016. AFP / DANIEL ROLAND
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
German inflation jumped to within a whisker of the European Central Bank target in December, hitting the highest level in more than three years and providing the euro zone bank with evidence its loose monetary policy is working.German consumer prices, harmonised to compare with other European countries (HICP), rose by 1.7 percent on the year after an increase of 0.7 percent in November, the Federal Statistics Office said on Tuesday.DZ Bank economist Michael Holstein said negative base effects of past oil price drops were now fading out, meaning German inflation was likely to reach the ECB's target of nearly 2 percent in the coming months.Economists polled by Reuters predict the euro zone HICP inflation figure will rise to 1.0 percent from 0.6 percent in November.The German government expects the economy to have grown by 1.8 percent in 2016 and predicts growth to slow to 1.4 percent this year, mainly due to fewer workdays and weaker exports.
FOLLOW THIS ARTICLE