Germany`s inflation rate unexpectedly rose in December by 1.9%
Baku, December 30 (AZERTAC). German Federal Statistical Office reported on Wednesday that Germany December inflation rate unexpectedly rose to its highest level more than two years because of soaring prices in the month.
report shows that the same method using the EU`s inflation rate in Germany in December from November`s 1.6% to 1.9%, the highest since October 2008 the highest level since, exceeding economists had expected. Bloomberg News survey of 13 economists surveyed expect the average inflation rate in Germany in December remained unchanged. Compared with November, the German consumer prices in December rose 1.2%, the highest since December 2002 the highest monthly increase since.
German Federal Statistics Office said that in 2010 the average inflation rate in Germany was 1.2%. According to the German central bank predicted that next year the average inflation rate in Germany is 1.7%. The bank also expects economic growth in Germany next year will be 3.6%, marking the highest level in 20 years. In contrast, the euro area inflation rate in November remained at 1.9%, unchanged, in line with the European Central Bank does not exceed 2% of the price stability goal. European Central Bank earlier this month forecast that the euro zone next year, the average inflation rate of about 1.8%, 1.5% in 2012.
to the German economy is faster than the speed of other members of the euro zone growth, because Greece, Ireland, Portugal and Spain and other countries are facing the threat of sovereign debt crises, which makes the 16 euro zone members greater the gap between countries, increasing the European Central Bank member countries in formulating appropriate policies for all the difficulty.
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