Germany’s EU-adjusted January consumer prices rose 9.2% year-on-year – #Germanys #EUadjusted #January #consumer #prices #rose #yearonyear
BERLIN, February 9 (Reuters) – Germany’s other European Union consumption adjusted to compare with countries prices, january rose less than expected 9.2% in a year, the federal statistics office showed preliminary data on Thursday.
Compared to December prices It increased by 0.5%.
Analysts adjusted data on an annual basis 10They were expecting a .0% increase and a 1.2% increase from the previous month.
Consumption in Germany according to non-adjusted standards prices in January it increased by 8.7% year-on-year and by 1.0% month-on-month.
Commerzbank Chief Economist Joerg Kraemer said, “The downward trend of inflation seen in the old figures should continue in the coming months, as the increase in energy prices will moderate further.” However, he cautioned that inflation it is still too early to clarify everything on the front.
Kraemer, except for energy and food, inflation is mainly increasing labour He said it would remain stubbornly high this year due to fee costs.
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Alexander Krueger, chief economist of Hauck Aufhaeuser Lampe Privatbank, said, “The base inflation “Inflation is not expected to moderate substantially as it will remain high in 2023,” he said.
Consumption for Germany prices The index is revised as part of a regular process. January 20 from the previous base year 201520transferred to
January final results for the month and 2020New 20 from January20 All results recalculated using the base year will be published by the statistics office on February 22.
The statistics office provides a breakdown for January’s figures on its website.
Reporting by Friederike Heine, Rachel More and Maria Martinez Editing by Miranda Murray and Jacqueline Wong
Our standards: Thomson Reuters Trust Principles.
2023-02-09 12:30:28
Source – reuters
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