Vi, here is a better view on inflation numbers:
This means that DESPITE the super strong currency, prices are rising even faster. An smaller number than the forecast was expected thanks to the EUR rallye. There shall be no way that they lower the EUR now. 6% yoy would be 18% at constant rates, without strong Euro.
German Feb import prices up 1.1 pct from Jan; up 5.9 pct yr-on-yr
Fri, Mar 28 2008, 07:15 GMT
afxnews.com
WIESBADEN, Germany (Thomson Financial) - German import prices rose 1.1 pct in February from January, compared with the forecast for an increase of 0.6 pct, according to the Federal Statistics Office.
Import prices for February were up 5.9 pct from February last year, more than the 5.4 pct consensus forecast compiled by Thomson Financial News.
Germany's import price index rose to 112.1 in February from 110.9 in January and 105.9 in February last year.
In January, import prices rose 0.8 pct from December and were up 5.2 pct year-on-year.
frederik.richter@thomson.com
fr1/hjp
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