Rising oil prices boost inflation in GermanyFebruary 28, 2012 - 20:03 AMT PanARMENIAN.Net - Rising oil prices are fuelling inflation in Germany, the eurozone's biggest economy, and may do some for some time to come, preliminary data showed on Tuesday, February 28, AFP reported. The German consumer price index rose by 2.3 percent on a 12-month basis in February, faster than the 2.1 percent recorded in January, the national statistics office Destatis calculated in a statement. On a monthly basis, the cost of living in Germany rose by 0.7 percent in February from January. Using the Harmonised Index of Consumer Prices, the ECB's inflation yardstick, the cost of living in Germany rose by 2.5 percent on a 12-month basis in February, compared with 2.3 percent in January. The ECB defines price stability as increases in HICP of close to but just below 2.0 percent. The preliminary inflation data are calculated using consumer price data for six of Germany's 16 federal states. Final data, based on statistics for all 16 states, are scheduled to be published on March 9. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |