Weakening oil prices: inflation so low as not more since 2009 – Stuttgarter Zeitung

Weakening oil prices: inflation so low as not more since 2009 – Stuttgarter Zeitung

From SIR / dpa 05th January 2015 – 14:19 clock

Refueling is not cheap as long and the apartment you get low warm. The weakening oil prices pushes inflation. For the rents are getting higher.

Refuelling is low as long as not Photo:. Dpa

Wiesbaden – has the crash in oil prices, the inflation rate in Germany in 2014 lowest on the Stand down since 2009. The annual inflation rate fell last year to 0.9 percent, the Federal Statistics Office reported that according to preliminary figures in Wiesbaden on Monday. Finally, the consumer prices were reported to have risen more slowly during the 2009 crisis at a rate of 0.3 percent.

According to preliminary figures, inflation fell from 0.6 percent in November to 0.2 percent in December back. A lower rate of inflation was measured recently in October 2009 with 0.0 percent. Compared with November 2014, consumer prices did not change expected

Inflation was held back by the end of the year particularly sharp decline in energy prices. Domestic energy and fuel were in December by 6.6 percent cheaper than a year earlier. But food cost 1.2 percent less than in December-2013.

Rates rise

On the other hand drew the net rents over the year by 1.4 percent. Rent account for about one-fifth of the shopping cart after the statisticians calculate consumer prices. The low inflation strengthens the purchasing power of consumers. So motorists in 2014 have an average tanked as low as most recently in 2010, as the ADAC had recently announced

In contrast, monetary authorities stokes worries about deflation -. Thus, a downward spiral of falling prices and shrinking economy. The European Central Bank (ECB) seeks a stable price level at a annual rate of just below 2.0 percent.

From this target, Germany more and more. The calculated for European purposes harmonized price index (HICP) rose in December even only 0.1 percent the previous year. “The decline of the German inflation makes the work of the ECB’s not easy,” says chief economist Carsten Brzeski of ING-DiBa: “The likelihood is increased that inflation has slipped into the red in the euro area in December for the first time since October 2009..”

Pressure grows on ECB

This should increase the pressure on the ECB again, use other tools in the fight against the weak control, such as Commerzbank economist Marco Wagner points out: “We expect that the ECB will announce at its meeting on 22 January, the purchase of government bonds in a big way. “

Christian Schulz of Bankhaus Berenberg expected inflation in January could even fall further because the December decline in oil prices has not yet been fully passed by 17 percent to consumers. Thus the German households have more money for other expenses left: “This should be fired domestic demand and also help the rest of the euro zone has a higher import demand.”

<- random false / 10 n saa false -> From our selection
 

Further articles on economic inflation in oil prices