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Inflation German Consumer Prices May Start Slowing According Estimates |
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Friday, 10 June 2011 10:19 |
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 Inflation German Consumer Prices May Start Slowing According Estimates
German inflation rate slowed in May as it has been estimated previously.
Final CPI data released by the Federal Statistical Office today (10 / 6) showed consumer prices index (CPI) increased 2.3 percent compared to Germany in May last year, down slightly from 2.4 percent recorded for the previous April, but still above the 2 percent target. In a monthly basis, the CPI showed a flat trend.
Both figures anual or monthly data, matching the initial estimate released earlier.
Calculated by EU standards, the Harmonized Index of Consumer Prices (HICP) fell 0.2 percent m / m and slowed to 2.4 percent y / y. Figures HICP data is also in accordance with previous estimates.
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