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German Growth Rate Rises

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June 17, 2015: Germany’s statistics office Destatis said the consumer price index rose by 0.1% compared with April 2015. The cost of fruit and vegetables were risen.

The cost of fish, confectionery and bread were also increased but the price of oil products fell.

The consumer prices rose by 1.2% year-on-year excluding energy costs. Growth also rose by 0.7% year-on-year in May. It was found by using the European Central Bank’s favourite measure, the Harmonised Index of Consumer Prices (HICP).

In June investor sentiment in Germany fell to its lowest level in seven months.

ZEW economic institute calculated investor confidence index and found 10.4 points to 31.5 points this month. After November 2014 this is the lowest level according to ZEW.

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