German inflation, January 2025

German inflation did not change year -on -year with 2.8% in January, the preliminary data of the country’s statistics office that destroyed on Friday at the last reading before the Germans go to the polls next month.

The reading was also in line with a forecast of economists surveyed by Reuters. The impression is harmonized in the euro area for comparability.

Monthly, the harmonized consumer price index fell by 0.2%

The German inflation rate has now remained above the 2% target of the European Central Bank for the fourth consecutive month, after falling below that threshold in September last year.

This reflects approximately the development of reacting Inflation in the broader euro area. He European Central Bank On Thursday, he said that deflation in the “is fine on the way” and has developed widely in line with staff projections.

Inflation of the euro area reached 2.4% in December. January figures are scheduled for launch next week.

January inflation printing is among the final economic data published before the election of Germany on February 23, which is carried out earlier than originally scheduled after the collapse of the ruling coalition in November 2024.

The economy of Germany has been one of the great issues during the campaign together with immigration, since the country has been dealing with mediocre economic growth and the renewed increase in inflation.

The government earlier this week Gross Gross Domestic Product expectations at 0.3% for the year 2025, after annual GDP hired in the last two years. Quarterly growth It has also been slow, even when the economy has so far avoided a technical recession characterized by two consecutive trimesters of contraction.

Non -harmonized inflation is expected to average 2.2% this year, the government added in its annual economic report.

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