German inflation drops to 5 year low

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German consumer prices are close to stagnating. According to the latest data released by the Federal Statistics office , the HICP rose by 0.1% MoM  as of December, the lowest level since 2009.

The annual rate of inflation across Germany as of December 2014 is expected to be set at 0.9%, however the end of the year has seen a significant slowdown of price growth, largely to to falling oil prices.

According to the Federal Statistics office, energy prices plummeted by -6.6% YOY, while the prices for food and goods declined by -1.2% respectively.


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