Berlin (Reuters) – The prices are falling for the first time since the financial crisis five years ago in the perception of the Germans – and the strong.
The determined by the bank UniCredit perceived inflation slipped in December to minus 1.2 (November 0,0) from percent, while the official data of the Federal Statistical Office still show a price increase of 0.2 percent. “Behind the sharpest decline since October 2009. sticking become significantly cheaper fuels,” said Germany’s chief economist of the Italian bank UniCredit, Andreas Rees, told Reuters on Monday. “But food has become more favorable.”
Both petrol and diesel as well as foods are purchased by consumers on a regular basis. You fall price changes of this product, therefore, much more than in rare purchased goods such as furniture and computers. UniCredit gives them, therefore, a greater emphasi s: In the calculation for the perceived inflation, fuel prices are flowing with ten percent and food by 27 percent – in the official Cart contrast, only about four and ten percent
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The Federal Bank does not rule out that the official inflation slips into the negative range during the year. “Stay crude oil prices at current levels, consumer prices in Germany are expected to increase only slightly in the current year,” she wrote in its monthly report for January. “And temporarily last year’s rates could even be negative.”
“THE DISCHARGED THE BUDGET SIGNIFICANTLY”
The reduced energy costs are for the economic good news, Rees said. “Part of the saved money is indeed certainly disappear in the piggy bank, but it is also output more. Together with the record of employment and rising wages are very good conditions to ensure that the consumption growth support number one is again this year.” This looks like the Bundesbank as well. “Such a drastic reduction in the price of oil relieves the energy budget significantly,” she explained. This could have both households and companies usually more money to spend.
Already 2014 of enthusiastic consumers had the German economy shielded from international crises such as the conflict with Russia. As a result, Europe’s largest econom y grew by 1.5 percent, which is about twice as strong as the total euro-zone.
fuels such as gasoline and diesel cost an average of 12.1 per cent in December, less than a year earlier. This is due to the fall in prices in the international oil markets. One barrel (159 liters) is currently just under half the price of last summer.
(Reporter: René Wagner; edited by Kerstin Doerr; For further information please contact the Editorial Board at the telephone numbers 069-7565 1312 or 5168 030-2888)
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