(MENAFN- AFP) Consumer prices in Germany, Europe's biggest economy, did not rise in September, data showed on Tuesday, amid concerns that prices could actually begin to fall again in the 19-country eurozone.
Germany's national inflation yardstick, the consumer price index, showed zero change this month, after rising by a meagre 0.2 percent the previous month, the federal statistics office Destatis said.
And using the Harmonised Index of Consumer Prices (HICP) -- the barometer used by the European Central Bank -- the inflation rate in Germany actually declined by 0.2 percent year-on-year in September, the statisticians said.
The ECB regards annual inflation rates of close to but just under 2.0 percent as conducive to healthy economic growth and has recently launched a raft of measures to kickstart prices and push area-wide inflation back up nearer that level.
A controversial programme of sovereign bond purchases, known as QE or quantitative easing, was rolled out in March and initially appeared to work.
But the economic slowdown in China and depressed oil prices have pushed inflation expectations back down again.
The inflation data on Tuesday were a preliminary flash estimate calculated from consumer price data for six of Germany's 16 regional states.
Final data based on all 16 states were scheduled to be published on October 13.
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