(CercleFinance.com) – Annual inflation in Germany is estimated at +4.9% for the month of January 2021, according to the preliminary estimate of the Federal Statistical Office, an annualized rate down by 0 .4 points compared to the previous month.
“The inflation rate remains high despite the absence of the base effects caused in 2021 by the temporary reduction in value added tax rates and the sharp drop in mineral oil prices in 2020,” notes Destatis.
Month on month, German consumer prices would have increased by 0.4%. On a harmonized basis according to European standards, monthly and annual price variations are estimated at +0.9% and +5.1% respectively in January.
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