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Germans perceive deflation for first time since 2009: study

Tuesday, January 20, 2015 - 05:50

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Andreas Rees, economist at UniCredit, says that a fall in fuel prices was behind the perceived drop in consumer prices, while lower food costs also helped.

Berlin

GERMAN consumers feel they are experiencing deflation for the first time since the height of the global financial crisis in 2009, a survey showed, despite a slight rise in the cost of living in Germany in December.

This perception could help boost private consumption in the