1.7% German inflation recorded in July August 10, 2012 - 13:01 AMT PanARMENIAN.Net - Inflation in Germany, Europe's biggest economy, stood at 1.7 percent in July, unchanged from the figure for June, final datashowed on Friday, August 10. On a monthly basis, the cost of living in Germany rose by 0.4 percent in July from June, pushed by higher prices for package holidays and fuel, the national statistics office Destatis said in a statement. The final data confirmed provisional inflation numbers released at the end of last month. Using the Harmonised Index of Consumer Prices, the ECB's inflation yardstick, the rate of inflation in Germany slipped to 1.9 percent in July, the first time since December 2010 that it had been the key level of 2.0 percent. The ECB defines price stability as increases in HICP of close to but just below 2.0 percent, AFP reported. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news UN chief hails China's peacekeeping efforts  Ban said China has provided more peacekeepers than all the other four permanent members of the UN Security Council.Iran's Guardian Council approves presidential election result Hassan Rouhani won the election by taking nearly 51% of votes. Since he won more than half, that eliminated the need for a runoff.Friends of Syria to meet in Doha on June 22: French official Assad's forces aim to retake Aleppo, where they have been mired in a bloody stalemate with rebels for nearly a year.Parliament approves amendments to law on minimum wage rate Besides, new scale of salaries will be introduced, according to which the minimum wage rate will be doubled by 2017. |
