LONDON: Inflation rate of Germany remained negative in January. It was for the first time in more than five years.
Prices in Europe’s largest economy fell 0.5 percent from a year earlier, the Federal Statistics Office in Wiesbaden said. That’s the lowest rate since September 2009. Economists predicted a drop of 0.2 percent.
The European Central Bank committed last week to spend at least 1.1 trillion euros ($1.2 trillion) on government bonds and other assets to avert deflation in the euro area. Prices in the 19-nation bloc probably dropped this month at the second-fastest rate since the introduction of the single currency.
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