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German inflation remains in negative territory in December

Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, fell 0.7% year-on-year after shrinking by the same amount in the previous month, the Federal Statistics Office said.

December’s preliminary data compared with a Reuters forecast for a 0.6% decline.

“The coronavirus crisis has again resulted in difficulties in conducting the consumer price survey because some goods were not available on the market,” the office said in a statement.


Source: Economy - investing.com

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