About: http://data.cimple.eu/news-article/10adb33fd843d49161e9b26a2dbf612de31cfff90d71af3a7d38e416

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/10adb33fd843d49161e9b26a2dbf612de31cfff90d71af3a7d38e416 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	German consumer prices climbed in January for the first time in seven months, provisional official data showed Thursday, due to the end of a temporary VAT cut to stimulate spending in the pandemic. Inflation moved into positive territory at the start of 2021, at 1.0 percent year-on-year, according to preliminary data from federal statistics agency Destatis. It was the highest level since March. The figure surprised analysts polled by Factset, who had forecast a rate of 0.55 percent. A sales tax reduction to boost consumer spending from July after the first wave of the virus contributed to lower prices in Europe's top economy. But the end of the VAT reduction on December 31 as well as a new carbon tax and an increase in the minimum wage from January acted to fuel inflation, Destatis said. In mid-December, Germany tightened restrictions to curb the coronavirus spread, closing non-essential shops during the key Christmas shopping season. After coping relatively well in the spring, Germany has been hit hard by the second wave, with the current shutdowns to remain in place until at least mid-February. Energy prices in Germany fell 2.3 percent in January year-on-year, while those for services climbed 1.5 percent. Food prices rose 2.2 percent meanwhile, Destatis said. According to the European Central Bank's preferred yardstick, known as the Harmonised Index of Consumer Prices (HICP), German inflation rose 1.6 percent year-on-year -- below the ECB's inflation target of just under two percent. LBBW analyst Jens-Oliver Niklasch said that figure could clear the ECB's benchmark "by the middle of the year". "Looking ahead, today's inflation number is just the beginning of a period of significantly higher headline inflation in Germany," economist Carsten Brzeski at ING said. Low inflation in Germany and other eurozone nations, combined with uncertainty about the economic recovery, led the ECB in December to bolster its emergency pandemic bond-buying programme to 1.85 trillion euros ($2.24 trillion). fcz-dlc/fec/rl
schema:headline	German consumer prices rise for first time since June
schema:mentions	Christmas and holiday season European Central Bank Carbon tax Eurozone Sales tax Economist Inflation Minimum wage Value-added tax Germany European Union Pandemic Virus Coronavirus Harmonised Index of Consumer Prices Headline inflation FactSet Landesbank Baden-Württemberg Hyperinflation in the Weimar Republic
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-01-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software