The second most expensive month of 2024 was December in , according to what emerges from the data on him , which he published today (16.1 . 25) the Federal Statistical Office (Destatis). Nevertheless, inflation in Germany was much more moderate in 2024 as a whole. Prices for services and food at the end of the year led to the second highest inflation rate last year. Consumer prices in December were 2.6% higher than in the same month last year, as the Federal Statistical Office confirmed. CORVERSE Higher inflation rate had been recorded only in January 2024 to 2.9%. From November to December last year, consumer prices increased by 0.5%, slightly more than originally calculated. Economists expect inflation to remain above the 2% threshold for now and the new year, notes Handelsblatt. Among other things, increasing the CO2 price for petrol, heating oil and natural gas, as well as increasing the price of Germany’s ticket are likely to lead to inflation. Higher inflation rates reduce consumer purchasing power, which can afford to spend one euro less. However, despite the three consecutive months of increasing inflation rates, inflation in 2024 as a whole was significantly more moderate than in the previous three years. According to the estimates of Visbaden-based statisticians, consumer prices averaged 2.2% over the year. For 2025 as a whole, economists expect an average inflation rate of just over 2%. In 2022 (6.9%) and 2023 (5.9%), Germany had to face the highest inflation rates since reunification. Especially energy and food rose sharply at their prices after the start of the Russian offensive war against Ukraine in February 2022. No expert currently expects a new wave of inflation of this scale, even if a trade conflict with the US, of which Donald Trump will soon lead again as president, could fuel inflation.
Germany: inflation is increasing for the third month in a row
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