London, Monday, 31 January 2022 -
According to early estimates, Germany's annual inflation rate declined for the first time in seven months in January 2022, from a 1992 high of 5.3 percent in December to 4.9 percent in January 2022.
It is below than market expectations of 4.3 percent. Costs of services (3 percent vs. 3.1 percent in December) and food (5 percent vs. 6 percent) both slowed, while energy costs continued to rise (20.5 percent vs 18.3 percent ).
However, due to pandemic impacts such as distribution delays, considerable price increases at the upstream stage, and well-elevated energy prices, inflation is projected to stay high. Inflation has also dropped to 0.4 percent from 0.5 percent in the previous month.
Source: Federal Statistical Office
(Editing by: The Decision Maker)