About: http://data.cimple.eu/news-article/c64e776bb24b127461f49c31bdab9f57430c73e61405cbae6df40c1f

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

About: http://data.cimple.eu/news-article/c64e776bb24b127461f49c31bdab9f57430c73e61405cbae6df40c1f 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 fell in November for the third consecutive month, official data showed Monday, dragged down by a sales-tax cut intended to boost spending as the economy suffers under the pandemic. Inflation was down 0.3 percent in November year-on-year, according to preliminary data from federal statistics agency Destatis, and fell to minus 0.8 percent month-on-month, as restrictions to limit the spread of the second coronavirus wave weighed on consumer demand. Chancellor Angela Merkel announced the closure of the gastronomy, leisure and culture sectors for the month of November, before extending them into the new year as the country seeks to bring down stubbornly high infection numbers. Europe's largest economy last had positive inflation in June, with flat or negative inflation since the summer. Destatis said the dip has been due in part to the German government's decision to cut VAT from July to encourage spending throughout the coronavirus shutdowns. The stimulus measure is set to last until the end of the year. "Looking ahead... the path of headline inflation will depend on whether or not the German government sticks to its plan of reversing the VAT reduction in January," ING bank analyst Carsten Brzeski said. Analysts surveyed by Factset had expected November's inflation to come in at minus 0.2 percent year-on-year, the same rate as in October. Energy prices in Germany continued to dive in November, falling 7.7 percent, while consumer goods prices were 1.8 percent lower. Food prices rose 1.4 percent meanwhile, Destatis said. Falling prices will add to fears that Germany will drag down inflation across the eurozone, a key concern for policymakers ahead of a crunch European Central Bank meeting next week. Observers expect the ECB to boost its pandemic bond-buying programme and tweak bank lending rates to add support to the currency area's battered economy. According to the ECB's preferred yardstick, known as the Harmonised Index of Consumer Prices (HICP), German inflation stood at minus 0.7 percent year-on-year -- far off the ECB's inflation target of just under two percent. edf/mfp/cdw
schema:headline	German consumer prices fall again in November
schema:mentions	European Central Bank EDF Energy Eurozone Angela Merkel Inflation Currency Value-added tax Germany European Union Pandemic Coronavirus disease 2019 ING Group Harmonised Index of Consumer Prices Headline inflation Gastronomy Tweak programming environment FactSet Drag coefficient Hyperinflation in the Weimar Republic CDW »more»
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	67 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software