German inflation, January 2025
Customers waiting for a check -out at a supermarket.
Markus Scholz | Image of the Alliance | Getty Images
The German inflation was unchanged from one year to one year in January 2.8%, the preliminary data of the Statistics Office in the country showed on Friday at the last reading before the Germans went to polls next month.
Reading was also in line with the prognosis of an economist surveyed by Reuters. Print is harmonized throughout the euro area for comparability.
On a monthly basis, a harmonized consumer price price index dropped by 0.2%
The German inflation rate has now remained above the goal for the fourth month in a row, 2% of the European Central Bank, after falling below that threshold last September.
This roughly reflects the development re -collecting Inflation in wider eurozone. AND European Central Bank On Thursday, he said that the disinflation in the block “Good on the Road” and that it developed widely in accordance with staff projections.
EURA inflation was entering 2.4% in December. Data in January are scheduled to release next week.
Inflation printing in January is one of the final key economic data published before the election of Germany on February 2nd, which take place earlier than originally scheduled after the collapse of the ruling coalition in November 2024.
The German economy was one of the big topics during the campaign besides immigration, as the country faced bad economic growth and renewed increase in inflation.
Government earlier this week Expected gross domestic product expectations Up to 0.3% for the whole year in 2025, after the annual GDP has contracted in the last two years. Quarterly growth It was also slow, even when the economy had so far avoided a technical recession characterized by two consecutive quarters of contraction.
Non-harmonized inflation is expected to average an average of 2.2%this year, the Government added in its annual economic report.
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