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Updated Friday, September 10, 2010 9:58 pm TWN, AP

German annual inflation rate slips to 1% in Aug. despite rise in oil prices

BERLIN -- Official data show that Germany's annual inflation rate dipped to 1 percent in August despite a strong year-on-year rise in oil prices. The Federal Statistical Office said the inflation rate was down from 1.2 percent in July. Consumer prices were unchanged in monthly terms.

The statistical office said annual inflation was powered in particular by higher prices for oil products — up 7.3 percent on the year.

 

 

 

 

 

 

 

 

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