1.7% German inflation recorded in July August 10, 2012 - 13:01 AMT PanARMENIAN.Net - Inflation in Germany, Europe's biggest economy, stood at 1.7 percent in July, unchanged from the figure for June, final datashowed on Friday, August 10. On a monthly basis, the cost of living in Germany rose by 0.4 percent in July from June, pushed by higher prices for package holidays and fuel, the national statistics office Destatis said in a statement. The final data confirmed provisional inflation numbers released at the end of last month. Using the Harmonised Index of Consumer Prices, the ECB's inflation yardstick, the rate of inflation in Germany slipped to 1.9 percent in July, the first time since December 2010 that it had been the key level of 2.0 percent. The ECB defines price stability as increases in HICP of close to but just below 2.0 percent, AFP reported.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |
