Tourexpi
Germany's annual inflation at lowest rate since June 2021
The
annual inflation rate in Germany was at 2.9% in January, the lowest level since
June 2021, Federal Statistical Office Destatis revealed on Friday.
The
inflation rate was 3.7% in December 2023 and 3.2% in November, it said.
"The
last time the inflation rate was lower than in January 2024 was in June 2021
(+2.4%)," it noted.
"The
price situation for energy products is visibly easing and the rise in food
prices is slowing further. However, it is still higher than overall
inflation," said Ruth Brand, president of Destatis.
On
a monthly basis, the inflation rate was at 0.2% in January.
Image Credit: © AA
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