Customers who wait when going out in a supermarket.
Marcus Schuls Photo alliance Gety pictures
German inflation did not change on an annual basis by 2.8 % in January, and preliminary data from the country’s statistics office showed Friday in the last reading before the Germans went to opinion polls next month.
Reading was also in line with Reuters’s economists’ expectations. Printing is coordinated across the euro area for comparison.
On a monthly basis, the woven consumer price index decreased by 0.2 %
The inflation rate in Germany is now higher than the goal of the European Central Bank of 2 % for the fourth month in a row, after it decreased to less than that threshold in September last year.
This almost reflects the development of reintegrative inflation in the wider euro area. The European Central Bank said on Thursday that inflation in the mass “on the right track” has been widely developed in line with employees’ expectations.
The inflation in the euro area came 2.4 % in December. January numbers are scheduled to be launched next week.
Inflation printing in January is among the main economic data that was issued before the election of Germany on February 23, which is taking place early in the first place after the collapse of the ruling coalition in November 2024.
Germany’s economy was one of the big topics during pregnancy campaigns next to immigration, as the country is wrestling with faded economic growth and renewed inflation.
The government reduced earlier this week the gross domestic product expectations to 0.3 % for 2025, after the annual GDP contracted in the past two years. The semester growth was also slow, even as the economy avoided so far a technical stagnation characterized by a quarter of successive shrinkage.
In its annual economic report, the government added that unanimous inflation is expected to be an average of 2.2 % this year.
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