Inflation at its lowest level in five years – STAR

Inflation at its lowest level in five years – STAR

D he’s consumer price inflation in December was as small as last five years, with inflation last month was expected to be 0.2 per cent, the Federal Statistics Office in Wiesbaden announced. Throughout the past year, prices rose compared to the 2013 only 0.9 percent. The main reason is the strong months since falling oil prices.

The inflation rate year on year in July of under the one-percent mark and has since become less and less. In November, she still was 0.6 percent. The 0.2 percent in December, the lowest increase since October 2009, when the rate was 0.0 percent, as the statisticians communicate hurried

The price of oil falls since the summer. Heating oil, diesel and petrol has become more expensive in recent months. In December, the prices of household energy and fuels fell by 6.6 per cent and thus much stronger than in previous months, as is evident from the statistics. Even foods were therefore cheaper in December, rising by 1.2 percent.

services on the other hand, especially the rent, prices rose in December compared to the same month last year on. The increase was 1.4 percent. Prices expected compared with November to changing overall not as the Statistical Office also announced.

In 2013, the consumer prices climbed 1.5 percent, 2012, the rate was 2, 0 percent, 2011 by 2.1 percent. In the 2008 financial crisis, prices increased by a further 2.6 per cent in the 2009 economic crisis then by only 0.3 percent. This year, expects the European Central Bank (ECB), responsible for price stability in the first few months even with a negative inflation rate in the euro area.

Oil prices fell on Monday on a new five-year -deep. At the London Stock Exchange, the price quoted for a barrel (159 liters) of North Sea Brent interim at $ 54.44 (€ 45.35); That was the lowest level since May 2009. The US WTI crude for delivery in February fell to a new five-year low of $ 51.16. Thus, the price has almost halved since June. The offer is currently greater than the demand, and the cartel of oil-producing countries (OPEC) does not want his promotion and back. The United States has become the largest producer in the world due to the extraction of oil from long unattainable strata by fracking.