“Price increase in fuel oil is driving up German inflation”
An almost 12 percent increase in fuel oil prices in December 2016 compared to the previous month accelerated inflation in Germany, according to the European Climate Foundation (ECF). “If energy prices would have remained unchanged compared to the previous year, general inflation in Germany would have been only 1.4 instead of 1.7 percent,” writes ECF in a press release. Energy prices increased by 2.3 percent between November and December 2016.
Read the release in English here.