German Final CPI grows less than expected in December

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Source: RTT News
© Scanpix/RS
German annual inflation grew less than projected in the last month of 2012 as the harmonized index of consumer prices accelerated by 2% compared to prior expectations of 2.1% increase, the Federal Statistical Office reported on Tuesday. Monthly change of the harmonized index of consumer prices was 0.9% compared to November, less than forecast of 1% climb.

"Despite the difficult environment, the German economy was robust in 2012," Destatis President Roderich Egeler said."There were mixed signals from the domestic side," Mr. Egeler said.
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