Reuters: German inflation slows in December on one-off energy payment
BERLIN (Reuters) -German inflation eased for a second month in a row in December due to falling energy prices and the government's one-off payment of household energy bills, coming in below expectations even as analysts warn that a continued slowdown is not a given.
German consumer prices, harmonized to compare with other European Union countries, rose by 9.6% on the year in December, preliminary data from the Federal Statistics Office showed on Tuesday.
Analysts polled by Reuters predicted prices would rise by 10.7% year-on year in December. October saw the highest reading since comparable data going back to 1996, with harmonized price index up 11.6% on the year. November saw a slight easing, with an increase of 11.3%.
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WNU Editor: This small drop in inflation is due to a one-off subsidy from the German government covering the December gas bill for households and business.
Energy Subsidy Helps To Slow Germany's Inflation In December
Germany records highest annual inflation rate in over 70 years -- AP
German Inflation Slowed After Government Picked Up Gas Bills -- Bloomberg
German inflation slows to 9.6 percent -- Politico
German inflation drops on gas bill subsidy -- RFI
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