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Germany's Inflation Steady at 2.8% Despite Economic Contraction
Germany's harmonized inflation remained at 2.8% year-on-year in January, exceeding the European Central Bank's target, while core and services inflation eased; this occurs amidst a weak German economy contracting by 0.2% in Q4 2024, impacting the upcoming election on February 23rd.
Germany's Inflation Steady at 2.8% Despite Economic Contraction
Germany's harmonized inflation remained at 2.8% year-on-year in January, exceeding the European Central Bank's target, while core and services inflation eased; this occurs amidst a weak German economy contracting by 0.2% in Q4 2024, impacting the upcoming election on February 23rd.
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