link : Energy Subsidy Helps To Slow Germany's Inflation In December
Energy Subsidy Helps To Slow Germany's Inflation In December
Reuters: German inflation slows in December on one-off energy payment
BERLIN (Reuters) -German inflation eased for a second month in a row in December due to falling energy prices and the government's one-off payment of household energy bills, coming in below expectations even as analysts warn that a continued slowdown is not a given.
German consumer prices, harmonized to compare with other European Union countries, rose by 9.6% on the year in December, preliminary data from the Federal Statistics Office showed on Tuesday.
Analysts polled by Reuters predicted prices would rise by 10.7% year-on year in December. October saw the highest reading since comparable data going back to 1996, with harmonized price index up 11.6% on the year. November saw a slight easing, with an increase of 11.3%.
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WNU Editor: This small drop in inflation is due to a one-off subsidy from the German government covering the December gas bill for households and business.
Energy Subsidy Helps To Slow Germany's Inflation In December
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German inflation slows to 9.6 percent -- Politico
thus Article Energy Subsidy Helps To Slow Germany's Inflation In December
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