German inflation hits highest level since July 2013
Berlin
GERMAN inflation rose more than expected in December, hitting the highest level in more than three years, preliminary data showed on Tuesday, a welcome sign for the European Central Bank (ECB) that price pressures in Europe's biggest economy are pushing up.
Conversely, the surprisingly strong surge in consumer prices may put a damper on Germans' appetite for shopping as higher inflation means consumers have less real income to spend.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
PM Modi votes as India’s marathon election heats up
US, Chinese climate negotiators meeting on greenhouse gas curbs
Japan’s service activity extends gains on solid demand, PMI shows
Australia’s retail sales volumes fall 0.4% in Q1
Xi bristles at criticism of China over the war in Ukraine
Australian PM accuses Chinese warplane of ‘unacceptable’ conduct