High energy prices push inflation in Germany

By KUNA

Berlin : High power, petrol and food prices have largely pushed inflation in Germany, the German statistic office said here Saturday.


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High prices hit 2.8 percent in February, the highest rate in Germany in ten years, according to the office based in the southwestern Wiesbaden City.

One third of high prices in the country is due to soaring energy prices even though people consumed 10 percent less in February than in the same period of last year, it said.

Prices of heating substances, diesel, petrol and power shot up by 33 percent, 16 percent, ten percent and seven percent respectively in February 2008, while natural gas prices dipped 1.4 percent in February compared to the same month of last year, the office added.

Prices of food commodities, involving dairy, eggs, fruits and bread, also edged up by 7.8 percent in February compared to the same period of last month.

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