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German economy

World news about “German economy” published by euronews.

29/01 15:41 CET

Cheap oil has negative effect on German inflation

Cheap oil has negative effect on German inflation

More bad news for the European Central Bank on inflation as annual consumer prices in Germany turned negative in January for the first time in five years. That was mostly due to cheaper oil, with energy costs down 9.0 percent year-on-year. Food prices also slipped by 1.3…