Germany's annual inflation at 2.3% in January, as expected

Monthly inflation in January down by 0.2%

By Mucahithan Avcioglu

ISTANBUL (AA) - The consumer prices in Germany posted an increase of 2.3% in January on a yearly basis, in line with the forecasts, the federal statistical authority Destatis revealed on Thursday.

The figure confirmed the preliminary data which was published last month.

It was at 2.6% in December and 2.2% in November but dropped from 3.8% in October 2023.

The rise in food and energy prices slowed down and had a downward effect on inflation in January, food prices were up 0.6% on an annual basis.

The price of energy products saw a decline of 1.6% in January year-on-year.

Meanwhile, above-average increases in service prices continued to drive up inflation with a rise of 4% year-on-year.

Compared with December 2024, consumer prices fell by 0.2% in January 2025 on a monthly basis.

Kaynak:

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