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German Consumer prices in 2016: +0,5% on the previous year
Following low inflation rates – as measured by the consumer price index – in the first half of the year, the rate of price increase rose towards the end of 2016, reaching its highest level of the year in December 2016 (+1.7%). The Federal Statistical Office (Destatis) also reports that a higher inflation rate was last recorded in July 2013 (+1.9%). On an annual average in 2016, the consumer prices in Germany rose 0.5% on 2015. The year-on-year rate of price increase thus was slightly above previous year's level (2015: +0.3%). The low 2016 inflation rate was largely due to the development of energy product prices. ... (full story)