German inflation remains at very low level

Germany's Inflation rate, measured by the consumer price index, remains in August at its lowest level since February 2010, final data from the Federal Statistical Office (Destatis) showed on Thursday.
According to the results of Destatis, consumer prices in Germany rose 0.8 percent year-on-year in August 2014, but remained unchanged from July 2014.
In July 2014, the inflation rate as measured by the consumer price index was up 0.8 percent too.
The low inflation rate in Germany comes mainly down to decreasing energy prices, as in the previous months, prices were down in particular for mineral oil product, and the prices of solid fuels and charges for central and district heating were lower than a year earlier.
The harmonized index of consumer prices (HICP) for Germany, which is calculated for European purposes, rose also by 0.8 percent in August 2014 on August 2013.
Thus, for the fourth time this year, an inflation rate of under 1 percent was determined for the HICP, far below the European Central Bank's inflation target of just below 2 percent.