German inflation slips back below 2 percent

12th April 2006, Comments 0 comments

12 April 2006, WIESBADEN, GERMANY - Germany's inflation rate has slipped back under 2 per cent for the first time since the summer of 2005, the Federal Statistics Office in Wiesbaden said Wednesday.

12 April 2006

WIESBADEN, GERMANY - Germany's inflation rate has slipped back under 2 per cent for the first time since the summer of 2005, the Federal Statistics Office in Wiesbaden said Wednesday.

The March, year-on-year rate was published as 1.8 per cent, lower than the provisional figure of 1.9 per cent, which had been based on data from just six of the 16 states. Statisticians said the retail price index had barely moved between February and March this year.

The January and February annual inflation rates for Germany had both been 2.1 per cent. The European Central Bank (ECB) generally aims to hold inflation in the Eurozone at a level under 2 per cent.

DPA

Subject: German news

0 Comments To This Article