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16, we are upgrading the news management system by a Canadian
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completed in coming days.
It has taken longer than
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la vie - even Google News updating falls behind at times!
 Business
News Headlines to Jan 16 2008
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Click for Monday's stories and links from Jan 17 2008
German Producer
Prices declined in December 2007
The German Federal
Statistical Office, De Statis,
reported today that on an annual
average in 2007, the index of
producer prices for industrial
products (domestic sales) for
Germany was up 2.0% from the
previous year. In 2006, the
annual rate of change was 5.5%.
In December 2007, the index of
producer prices rose by 2.5%
from the corresponding month of
the preceding year.
However, German producer
prices
unexpectedly
fell in December
as commodity
prices
retreated.
De Statis said
that prices
for goods
decreased 0.1% last
month compared
with November,
when they rose
0.8%.
While oil
prices had
fallen in
early December,
they rebounded
to a record of
$100.09 per
barrel on
January 3rd, and
the cost of food
has continued to
surge.
German
consumer inflation
was at 3.1% in
December, down
0.2 percentage
points from a
12-year high the
previous month.
The ECB's annual
inflation rate
was also 3.1%
compared with
its target of
"below but close
to" 2%.
Producer
prices for
mineral-oil
products fell
2.1% in
the December and
lead, zinc and
tin was down 17%.
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