inflation in Germany rate No signs appear of ease in start of The year as energy and food price Pressures remained high because of the war in Ukraine.
Curated German consumer prices for comparison with other European Union countriesincreased by 9.2% on the year in January, data from Federal Statistics office Show Wed.
comparison with December, prices rose 0.5%, it addedconfirming the initial data on On a monthly and yearly basis.
On uncoordinated measures, German consumer prices rose 8.7%. on the year in January and 1.0% in the month. This comes after adjusted inflation rates of 8.1% in December and 8.8% in November.
After finally slowing down of last yearinflation rate thus remains At a high level,” said Ruth Brand, president of German statistics office.
Commerzbank chief economist Jörg Kremer said that after the systematic review of Inflation basket,” it was not there clear Descending direction in Inflation since fall.”
For an economist, it is too early to do so sound everyone clear on inflation front. European Central Bank should continue to raise key Decisive interest rates.
Families paid higher the prices in private for Energy and food in January, Brand said.
Prices of energy products were 23.1% higher year-on-year despite of government Relief measures. Excluding energy prices, inflation rate reached 7.2% in January. Food prices increased by 20.2% in the year. “the rate of food price was the increase more from twice total inflation rate again,” statistics office He said.
“We are watching price Rises for many commodities and, to an increasing degree, also for Services,” said the brand. Prices of The goods were up 12.7% on the year in In January, prices for services increased by 4.5%. in the year.
