Germany's inflation rate, as
measured by the year-on-year change in the consumer price index
(CPI), was +2.9% in January 2024, according to the German
statistical office Destatis. In December 2023, inflation was
+3.7%, while in November 2023, it was +3.2%. The last time
inflation was lower than in January 2024 was in June 2021, when
it was 2.4%. "The rate of inflation slowed at the beginning of
the year," said Ruth Brand, President of the Federal Statistical
Office.
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