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German Inflation Slows As Expected In January

2/20/2013 2:18 AM ET

Germany's EU harmonized inflation weakened in January as estimated earlier, final data released the Federal Statistical Office showed Wednesday.

Inflation as per the harmonized index of consumer prices (HICP) slowed to 1.9 percent in January from 2 percent in December.

The HICP dropped 0.7 percent compared to December, when it increased by 0.9 percent. The latest fall was in line with economists' forecast.

At the same time, inflation as per the consumer price index eased to 1.7 percent in January from 2 percent in December, which was revised down from 2.1 percent. The latest figure matched flash estimates.

Month-on-month, consumer prices decreased by 0.5 percent as estimated earlier. This followed a 0.9 percent gain in December, data showed.

by RTT Staff Writer

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