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German CPI increased by 0.7%

Tuesday, Jan 03 2017
German CPI increased by 0.7%

The inflation rate in Germany as measured by the consumer price index is expected to be 1.7% in December 2016. Compared with November 2016, consumer prices are expected to increase by 0.7%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that, on an annual average, the inflation rate is expected to stand at 0.5% in 2016.

Separate report, on German Unemployment Change showed the number of people out of work fell by a seasonally adjusted 17,000 to 2.638 million, data from the Federal Labor Agency in Nuremberg showed on Tuesday. Economists in a Bloomberg survey forecast a drop of 5,000. The jobless rate remained unchanged at 6 percent, matching the lowest level since reunification.

More in this category: « UK Manufacturing PMI up to 56.1 ISM Manufacturing PMI inclined to 54.7 »

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