Thursday, 12 January 2012

Energy costs push German inflation rate up to 2.3%

Rising energy prices pushed German inflation up to 2.3% in 2011. The inflation rate compares with 1.1% in 2010 and 0.4% in 2009. It was the highest annual figure since 2008, when inflation was 2.6%.
The figures come on the day of the European Central Bank's latest monthly interest rate decision.
Rates are expected to be left unchanged at 1.0%, following two consecutive months of cuts.

http://www.bbc.co.uk/news/business-16524837