German inflation down from 2.6% to 2.3% in January - Breaking The News

German inflation down from 2.6% to 2.3% in January

31 January

1 min read

UNSPLASH.COM/JAN ANTONIN KOLAR

The annual inflation rate in Germany reached 2.3% in January, a decline compared to 2.6% recorded in December, the Federal Statistical Office (Destatis) said in its preliminary report published on Friday.

Over the month, the Consumer Price Index (CPI) decreased by 0.2%. The Harmonized Consumer Price Index (HCPI), which does not include food and energy, rose by 2.8% year-on-year but dropped 0.2% month-on-month.

The prices of food increased by 0.8% compared to the same month in 2024, and those of energy fell by 1.6%.

inflation data cpi

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