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German Inflation May Rise to 4%, Straubhaar Tells Focus-Money

Germany’s inflation rate will climb to more than 2 percent this year and may touch 4 percent in 2012, Thomas Straubhaar, head of the Hamburg-based HWWI economic institute, was quoted as saying by Focus-Money.

Increasing consumer prices justify labor-union calls for higher pay, the German magazine cited Straubhaar as saying in e-mailed excerpts of an interview for an article in its latest edition.

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