The consumer price index (CPI) for Germany is expected to increase by 2.6 per cent year-over-year, and 0.4 per cent month-over-month (MoM) in December 2024. The annual average inflation rate is expected to stand at 2.2 per cent in 2024, according to provisional data released by the Federal Statistical Office (Destatis).The core inflation rate is expected to be 3.1 per cent in December 2024, said Destatis in a press release.
The harmonised index of consumer prices (HICP) for December 2024 showed a provisional increase of 2.8 per cent compared to the same month in the previous year and a 0.7 per cent rise from the previous month. On an annual average, the index grew by 2.5 per cent in 2024 compared to 2023, based on provisional data.
Germany's CPI is projected to rise by 2.6 per cent YoY and 0.4 per cent MoM in December 2024, with an annual inflation rate of 2.2 per cent for 2024, according to Destatis.
Core inflation is estimated at 3.1 per cent for December.
The HICP for December showed a 2.8 per cent YoY and 0.7 per cent MoM increase, with a 2.5 per cent annual average rise in 2024.
Fibre2Fashion News Desk (SG)
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