Weber fears broad-based rise in German inflation
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Bundesbank president Axel Weber was  quoted in a newspaper interview on Sunday expressing his  concerns about inflationary pressures in Germany and his fears  the annual price rise may hit 3 percent by the end of the year.
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Inflation in Germany, the eurozone's biggest economy, picked up this month as a result of increased tobacco taxes, key regional data showed.
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German exports are likely to reach new records again this year, but current political tensions in the Middle East could pose a threat, according to the German BGA federation of wholesalers and exporters.
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FRANKFURT, Germany -- Top euro zone politicians on Friday voiced mild concern as the euro rose to a record high against the dollar, and a European Central Bank policymaker said quick currency moves were unhelpful.
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The European Central Bank president warns that rising inflation fuelled by oil prices remains a concern.
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BEIJING : Rising energy and raw material prices are pressuring inflation and will push up the consumer price index next year, state press cited the country&#39;s top statistician as saying.
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The European Central Bank is ready to raise eurozone interest rates further and will not put off any such moves to avoid potential clashes with politicians, Bundesbank President Axel Weber has said.
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Inflation hit a 13-year high of 3.1 percent in November in Germany, well above the European Central Bank's target rate of 2.0 percent, official data showed Friday.
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Some experts fear that a boom in gas demand for electricity generation will send prices even higher.
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Business confidence in Germany cooled unexpectedly in June as the prospect of rising interest rates and high oil prices sent an unseasonable shiver through companies in the eurozone&#39;s biggest economy, a key survey showed on Friday.
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FRANKFURT : Business leaders in Germany appeared wary about the outlook for the eurozone&#39;s biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.
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Cutting U.S. inflation &quot;could be  difficult and costly&quot; once it rose, Federal Reserve Board  Governor Donald Kohn said on Friday, adding it would be  dangerous if global markets came to question the U.S. central  bank&#039;s devotion to price stability.
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Defenders of financial rigour in the European Union attacked German calls for a radical dilution of the eurozone's budget rules at a lively meeting of EU finance chiefs.
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Clouds continued to gather over the German economy on Monday, as the Bundesbank estimated that the modest recovery of the eurozone&#39;s biggest economy already appears to be running out steam.
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European inflation is confirmed at a six year high on high food prices.
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FRANKFURT - Surging oil prices and the strength of the euro, currently at an all-time high around 1.32 dollars, are currently weighing on business morale in Germany, the eurozone&#39;s biggest economy, a new poll showed.
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The European Central Bank may need to raise interest rates if euro zone inflation plateaus rather than merely rises temporarily, ECB Governing Council member Yves Mersch was reported on Tuesday as saying.