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Consumer inflation in Germany fell in January more than expected, the Federal Statistical Office reports. The price increase was the lowest in almost a year. Consumer price index rose 1.4% year-on-year after the increase by 1.7% in December. In December, the index declined by 0.8% after rising 0.1%. Experts had expected a drop by 0.9%. Comparing domestic prices with EU prices, the Harmonized Index of Consumer Price (HICP) operates. In January, it grew by 1.7% compared to last year. HICP decreased by 1% in January compared with the December value. The inflation in import prices was 1.3% in December, which was the lowest value in 8 months. The final index data for January will be available on February 21. The Ministry of Economics of Germany declares that the country avoided a recession in the fourth quarter, and the manufacturing sector will begin to recover.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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