Go Finance Report - Germany recorded a country's inflation rate jumped higher recorded in December 2010, up to 1.1 percent.
Office of National Statistics central Germany, Destatis noted when compared with 2009, December inflation stood at 0.4 percent or a record low since German reunification in 1990.
Quoted by AFP on Friday (12/31/2010), in December, the state with the largest economy in Europe is recorded inflation of 1.7 percent in the 12-month basis, and exceeding the average analyst forecast of 1.5 percent.
The number is still below the medium-term inflation target of the European Central Bank under the medium but almost close to two percent. Nevertheless, these figures mark a sharp improvement remains.
"German inflation report supports our expectation that the 'flash' euro area HICP (consumer price index) will rise to 2.1 percent from 1.9 percent," said Barclays Capital economist Fabio Fois.
Known, on a monthly basis, the German consumer price index rose 1.0 percent in December. Throughout the year, inflation driven by higher costs for crude oil and other energy products increases, and rising prices of fruits and vegetables.
Meanwhile in the southern German state, Baden-Wuerttemberg, prices increased by 1.9 percent in December, or the biggest increase since October 2008. The result itself is calculated from data provided by six countries representative of Germany and number details will be released on January 14. (GoFinance)
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