Germany’s CPI inflation rate stood at 2.3 per cent in January, according to Destatis.
In December 2024, inflation was somewhat higher, at 2.6 per cent.
The development of energy prices had a downward effect on inflation in January, while above-average increases in service prices continued to drive up inflation.
Compared with December 2024, consumer prices were down by 0.2 per cent in January.