{"id":33373,"date":"2020-08-31T17:34:16","date_gmt":"2020-08-31T13:34:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33373"},"modified":"2020-08-31T17:34:17","modified_gmt":"2020-08-31T13:34:17","slug":"vat-cut-pushes-german-inflation-into-negative-territory","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/vat-cut-pushes-german-inflation-into-negative-territory\/08\/31\/market-updates\/","title":{"rendered":"VAT Cut Pushes German Inflation Into Negative Territory"},"content":{"rendered":"\n<p>Annual consumer prices in Germany fell for the first time in more than four years in August due to a VAT cut as part of a government stimulus package to help Europe&#8217;s largest economy recover from the shock of the coronavirus pandemic, data revealed.<\/p>\n\n\n\n<p>The Federal Statistics Office said that German consumer prices, coordinated to facilitate comparison with inflation data in other European Union countries, fell 0.1% year-on-year after flating in the previous month.<\/p>\n\n\n\n<p>That reading came in comparison to a Reuters forecast of 0%, the first time that the reading for negative territory has decreased since May 2016.<\/p>\n\n\n\n<p>Compared to the previous month, coordinated prices were down 0.2%. A Reuters poll had expected the reading to be steady.<\/p>\n\n\n\n<p>The European Central Bank aims to keep inflation near or below 2% in the European single currency area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Annual consumer prices in Germany fell for the first time in more than four years in August due to a VAT cut as part of a government stimulus package to help Europe&#8217;s largest economy recover from the shock of the coronavirus pandemic, data revealed. The Federal Statistics Office said that German consumer prices, coordinated to &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7177],"class_list":["post-33373","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-german-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33373"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33373\/revisions"}],"predecessor-version":[{"id":33374,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33373\/revisions\/33374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}