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German inflation eases again in January

German inflation eases again in January
German inflation eases again in January Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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BERLIN - German annual inflation slowed down in January but remained slightly above analyst expectations and well above the European Central Bank's price stability target of 2% for the euro zone as a whole, preliminary data showed on Monday.

Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), rose 5.1% year-on-year after 5.7% in December, the Federal Statistics Office said.

The national consumer price index (CPI) rose by 4.9% year-on-year, which also marked a decrease in price pressures after an inflation rate of 5.3% in December.

Analysts polled by Reuters had expected the CPI rate to drop to 4.3% and the HICP figure to ease to 4.7%.

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