Germany has not seen such a price decline since 1987

According to the datas of the German statistical office; the consumer prices decreased by 0.5 percent in July compared to the previous month, for the first time since the spring of 1987.

Compared to July of the previous year the price fall was 3.3 percent which is the worst since 2002. The main reason for the decrease, is that the traders reduced their prices several times especially the food discount networks decreased the prices of food, cleaning and washing products – reports MTI Eco.