Customers waiting for payment in the supermarket.
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The German inflation was not converted to 2.8%in January, and the preliminary data of the country’s DESTATIS of the country showed the preliminary data of the Germans before the survey of the next month in the last reading on Friday.
Reading was also consistent with the prediction of Reuters’ economists who had been polluted. Prints are harmonized through the Euro area for comparison.
Every month, the harmonious consumer price index decreased by 0.2%.
Germany’s inflation rate was higher than the 2% goal of the European Central Bank for four consecutive months after falling below the critical value in September last year.
This reflects the development of the calibrating inflation of inflation in the larger euro area. On Thursday, the European Central Bank said that the rumors of the block were “progressing well,” which has developed extensively according to the prediction of the staff.
The Euro region inflation was 2.4%in December. The January figure will be released next week.
According to the data on Friday, the core inflation of Germany, which removes food and energy prices, has significantly decreased in January 3.3% printing in January.
Service inflation has also been slightly relaxed to 4%in January compared to 4.1%in December.
Sebastian Becker, an economist of Deutsche Bank Research, seems to have a weak German economy on Friday.
According to the preliminary data released on Thursday, the German economy signed a 0.2% contract in the fourth quarter of last year, which is more than expected.
According to the CNBC translation, “This strengthens our views that the core rates will continue to fall as the service rate and that year will continue.” This adds that the European Central Bank will adhere to the process of easing monetary policy.
The inflation print in January is one of the final major economic data announced before the German election on February 23, which is progressing earlier than originally scheduled after the collapse of the South Korean Union in November 2024.
The German economy was one of the big topics during the campaign next to immigration, which is suffering from lack of economic growth and new rise in inflation.
Earlier this week, the government has cut the expectation of gross domestic product to 0.3%in 2025 after the annual GDP contracted over the past two years. Despite the fact that the economy has avoided the technical recession, which has been characterized by two consecutive contractions, the growth has slowed.
The government is expected to have an average of 2.2% this year in the annual economic report.
