• HICP inflation of 1.2% in 2010, 1.6% in 2011
  • German unemployment 3.3 mln in 2010, 3.4 mln in 2011, jobless rate 8.0% in 2011
  • German economic recovery has picked up from sluggish winter, positive momentum from global economy
  • Price rises remain restrained despite euro’s decline on forexc markets