Rising energy prices have ensured that in Germany in the year average for Inflation of 1.9 percent. This was the highest level in six years, according to the Federal Statistical office in a first estimate. In 2012, Inflation was at 2.0 percent.
the end of The year the rate of price growth accelerated significantly. In December, the annual inflation rate was 1.7 percent. In the month of November, there were still 2.3 percent. In October, the inflation rate reached 2.5 per cent – the highest for ten years.
The inflation rate is an important indicator for the monetary policy of the European Central Bank (ECB). Permanently low or excessively falling prices could encourage businesses and consumers, investment, to defer. The expectation is slowing, according to the economic performance.
Because the development of consumer prices has for some time been rising, the Central Bank, its controversial purchases of securities by the end of this year. Savers must be patient still. The interest rates in the Euro area should at least remain until the fall of 2019 at a record low of zero percent. Rising interest rates, the classical money would be political measure against high Inflation.
According to calculation of the Bank Comdirect, the real interest rate – the actual interest rate for savings deposits, after deduction of the Inflation lag in the year 2018 at minus 1.74 percent. According to the calculations, German savers have lost a total of 38.9 billion Euro low-interest money deposits. House builders will benefit from the comparatively low cost of home loans.