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Inflation in Germany accelerated to 2.8%


Janvier, 16 2025
watermark Economic news

Inflation in Germany in December 2024, calculated according to EU standards, was 2.8% year-on-year, indicating a slight acceleration compared to the previous month, when the indicator was 2.4%. The data was published by the Federal Statistical Office of the country. 


Compared to the previous month, consumer prices increased by 0.7%.  In November, there was a decrease of 0.7%.


Analysts' forecasts generally coincided with the actual figures – they predicted price growth of 2.8% y/y and 0.7% m/m.


Inflation, calculated by German standards, was 2.6% y/y in December, an increase of 0.5% compared with November. Experts expected growth of 2.6% y/y and 0.4% m/m.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.