In January, German inflation slowed to 2.9%, its lowest since June 2021, due to falling energy costs.

In January, inflation in Germany slowed considerably and reached its lowest level since June 2021. The annual increase in prices was 2.9%, significantly lower than the 3.7% rise recorded in December. This decrease in inflation was largely due to a drop in energy costs, despite the imposition of additional CO2 prices by the German government. Food prices also continued to rise, though at a gradually decreasing rate.

February 08, 2024
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