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Economy And The Numbers

German Inflation Slows As Expected In January

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany's EU harmonized inflation weakened in January as estimated earlier, final data released the Federal Statistical Office showed Wednesday.

Inflation as per the harmonized index of consumer prices (HICP) slowed to 1.9 percent in January from 2 percent in December.

The HICP dropped 0.7 percent compared to December, when it increased by 0.9 percent. The latest fall was in line with economists' forecast.

At the same time, inflation as per the consumer price index eased to 1.7 percent in January from 2 percent in December, which was revised down from 2.1 percent. The latest figure matched flash estimates.

Month-on-month, consumer prices decreased by 0.5 percent as estimated earlier. This followed a 0.9 percent gain in December, data showed.

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