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At the culmination of the last six years and more, the annual payment in Germany has increased.
According to figures released today, annual inflation rose in October to reach its highest level in more than six and a half years, reinforcing the arguments of European Central Bank President Mario Draghi in favor of favor of a gradual reduction of unconventional monetary support measures.
Harmonized consumer prices in Germany rose 2.4% year-on-year after rising 2.2% the previous month, the Federal Statistical Office said.
This is the highest inflation since February 2012, as data is compared to market forecasts. The ECB sets its inflation targets in the euro area at levels close to 2% but below them.
On a monthly basis, harmonized consumer prices rose 0.1%, according to preliminary data, also confirming economists' forecasts.
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