German inflation hits five-year low in December: data

Inflation in Germany, Europe's biggest economy, slowed to just 0.2 percent in December, its lowest level in more than five years, and averaged 0.9 percent for the whole of 2014, data showed Monday. In a preliminary flash estimate, the federal statistics office Destatis calculated that German inflation stood at just 0.2 percent year-on-year last month, down from 0.6 percent in November. The last time inflation in Germany was lower than 0.2 percent was in October 2009. The flash estimate is b