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German May inflation hits zero, lowest in 22 years
Source: Agencies |
June 10, 2009, Wednesday
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Online Edition
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INFLATION in Germany, Europe's biggest economy, hit zero percent in May, the lowest level in 22 years, the Federal Statistical Office said today.
The Wiesbaden-based office said the consumer price index for May was unchanged from May a year ago, mainly due to a rise in energy and food prices in last year.
The inflation rate in April was 0.7 percent.
Energy prices were about 8 percent lower in May this year compared with last year, while food prices fell 1.2 percent.
The Wiesbaden-based office said the consumer price index for May was unchanged from May a year ago, mainly due to a rise in energy and food prices in last year.
The inflation rate in April was 0.7 percent.
Energy prices were about 8 percent lower in May this year compared with last year, while food prices fell 1.2 percent.
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