Skip to main content
Home
Panorica

Main navigation

  • Home
  • Automotive
  • Tech
  • Business
  • Transportation
  • News
User account menu
  • Contact

Breadcrumb

  1. Home
  2. Business
  3. In January, Germany's annual inflation rate decreased

In January, Germany's annual inflation rate decreased

In January, Germany's annual inflation rate decreased

Annual inflation in Germany slowed somewhat in January but remained significantly over experts' expectations and well beyond the European Central Bank's price stability objective of 2% for the eurozone as a whole, and preliminary data showed on Monday.

Consumer prices, which are harmonized to make them similar to other European Union nations (HICP), increased 5.1 percent year on year in January, the Federal Statistics Office reported. They rose 5.7 percent in December. On an annual basis, the national consumer price index (CPI) increased by 4.9 percent, down from 5.3 percent in December.

According to a Reuters poll of economists, the CPI rate would be 4.3 percent, and the HICP rate would be 4.7 percent.

"The fall in inflation is entirely attributable to the fact that the effect of the temporary VAT cut in 2020 does not bias year-on-year comparisons higher as it did in previous months," Commerzbank analyst Marco Wagner explained.

Simultaneously, researchers noted supply constraints and high energy prices significantly curtailed the predicted favorable effect.

According to Michael Heise, chief economist at HQ Trust, because surveys of German and international businesses have revealed no improvement in supply chain disruption, year-on-year CPI rates are expected to remain over 4.5 percent for a few more months.

"Given the grave geopolitical tensions with Russia, counting on a desirable decline in energy costs in the foreseeable future looks wishful thinking," Heise noted.

Although eurozone inflation reached 5% last month, the highest level on record for the 19-country currency union, the ECB forecasts it to fall back below the 2% target in both 2023 and 2024, even without further policy tightening, as one-off pressures recede. continue reading

Last week, Philip Lane, the ECB's top economist, told a Lithuanian newspaper that the central bank would tighten policy if inflation remained over its goal. However, that scenario looks less plausible at the moment.

The ECB meets next Thursday, although no policy decision is expected given the bank's December announcement of a complicated package of measures.

In a departure from previous estimates, the German Economy Ministry indicated this week that it expected consumer price inflation to continue to climb this year.

On Thursday, the leader of Germany's IG Metall union stated that increasing real wages will be a primary objective in future collective negotiation rounds in the iron and steel and metal and electrical industries.

Image gallery
inflation rate
inflation rate

Category

  • Business

Labels

  • European market
  • cheap energy
  • energy prices
  • inflation rate
Country
Germany
  • Add new comment
haut fashion
By Haut Fashion, 31 January, 2022

French government uses Electricite de France to lower market prices

On Thursday, the French government ordered Electricite de France SA, in which the French state is the majority shareholder, to sell to rivals a more significant amount of electricity… Continue reading...

French government uses Electricite de France to lower market prices

Nicolas Luttringer is the new Marketing Manager for Citroen in Germany

Citroen China Marketing Director, Nicolas Luttringer, will become Marketing Director of Citroen Germany on February 1, 2022, and he will keep that job. The 53-year-old is taking over… Continue reading...

Nicolas Luttringer is the new Marketing Manager for Citroen in Germany

Stellantis and Terrafame have reached a deal to supply electric vehicle batteries

Stellantis and Terrafame signed an agreement to supply nickel sulfate to create electric car batteries. The five-year deal calls for Terrafame to provide Stellantis with nickel… Continue reading...

Stellantis and Terrafame have reached a deal to supply electric vehicle batteries

Volkswagen and Bosch will make battery cells together

Volkswagen and Bosch have signed an arrangement to set up a joint venture to help Europe find battery equipment solutions. German carmaker Volkswagen says that the two companies will… Continue reading...

Volkswagen and Bosch will make battery cells together

A special edition of the Peugeot e-208 is available online for leasing

Peugeot is selling the Peugeot e-208 as a special edition until Tuesday, September 27th, 2022. The lion brand model is available for leasing online from the Peugeot Financing Store… Continue reading...

Peugeot e-208 electric car

Miles Mobility buys Volkswagen's carsharing business

Shared vehicles burst into European cities some years ago to provide a mobility alternative to its citizens. With carsharing, they can have a car only when they need it and only pay… Continue reading...

Miles Mobility buys Volkswagen's carsharing business

FCA Bank SpA enters the luxury motorhome business

FCA Bank SpA continues its diversification and expansion strategy in Europe by joining the luxury motorhome business. The bank has announced a partnership with Concorde… Continue reading...

FCA Bank SpA enters the luxury motorhome business

Dacia goes electric when it's needed, but not before

Dacia is a low-cost car brand owned by the Renault Group. In 2021, the Dacia Spring small SUV was its first electric car. The Dacia Spring electric car is popular, but Romania will… Continue reading...

Dacia Spring

The Sevel plant celebrates 7 million cars manufactured

Building large vans for Fiat, Citron, Peugeot, and Opel at the Sevel plant keeps Stellantis at the forefront of the EU30 commercial vehicle industry. Stellantis's Dare Forward 2030… Continue reading...

The Sevel plant celebrates 7 million cars manufactured

Ford has built a solar park to power its operations

Ford has established a new solar park at its facility in Valencia, Spain, intending to make all of its European factories carbon-free by 2035. The solar park presently generates… Continue reading...

Ford has built a solar park to power its operations
Panorica

Latest news

Mercedes-Benz Drive Pilot: The First SAE Level 3 System in the U.S.

Mercedes-Benz Drive Pilot: The First SAE Level 3 System in the U.S.

2024 Toyota Corolla Cross Hybrid Nightshade Edition: A Stylish and Efficient SUV

2024 Toyota Corolla Cross Hybrid Nightshade Edition

DJI Mini 4 Pro: The ultimate pocket-sized drone for pros and enthusiasts

DJI Mini 4 Pro: The ultimate pocket-sized drone for pros and enthusiasts

2024 Toyota Yaris: The Supermini Gets Supercharged

2024 Toyota Yaris: The Supermini Gets Supercharged

2024 Toyota Sienna: The Hybrid Minivan That Does It All

2024 Toyota Sienna: The Hybrid Minivan That Does It All

2024 Toyota RAV4: How to Go Wild in Style with the Best-Selling Compact SUV

2024 Toyota RAV4

Fiat 600 Hybrid: The Italian Upgrade That Combines Style and Sustainability

2024 Fiat 600 Hybrid

The Abarth 500e: An Electric Scorpion with a Sting in its Tail

Abarth 500e

Lexie Alford's Record-Breaking Road Trip in Ford's New Electric SUV

Ford Explorer

Renault Trafic Van E-Tech: The Electric Van That Drives Like a Car

Renault Trafic Van E-Tech

BMW i5: The Electric Sedan That Rivals Tesla Model S and Mercedes-Benz EQS

BMW i5: The Electric Sedan That Rivals Tesla Model S and Mercedes-Benz EQS

Why You Should Consider the Ford Puma ST Powershift as Your Next Hybrid Crossover

Ford Puma ST Powershift

Partners

»EV stories »Scrapcartorontoshop

Popular stories

The exceptional XEV Yoyo is a small electric vehicle that costs less than 11,100 euros

XEV Yoyo is a small electric vehicle that costs less than 11,100 euros

Ford Introduces the E-Tourneo Courier: A Compact and Practical Electric Van with Style and Space

Ford Introduces the E-Tourneo Courier: A Compact and Practical Electric Van with Style and Space

How much money does Alexis Bledel make each year?

Alexis Bledel

2024 Mercedes-Benz E-Class First Drive Review: A Classy and Comfortable Cruiser

2024 Mercedes-Benz E-Class

Noiva Do Cordeiro is inhabited only by women

Noiva Do Cordeiro

Fiat 500 electric car wins two "Best Cars 2023" awards

Fiat 500 electric car

The Skoda Vision 7S concept announces a new 7-seater electric SUV

Skoda Vision 7S electric SUV

Peugeot 408: a new breed of SUV that defies expectations

Peugeot 408

The new 2024 Jeep Wrangler: The Ultimate Off-Road SUV

2024 Jeep Wrangler: The Ultimate Off-Road SUV

Ford Kuga Graphite Tech Edition: A Stylish and Affordable Plug-in Hybrid for Europe

Ford Kuga Graphite Tech Edition

The new Opel Astra Electric can travel 416 km on a single charge

Opel Astra Electric can travel 416 km on a single charge

The evolution of Peugeot 300 series: 301 to Peugeot 308

The evolution of Peugeot 300 series: 301 to Peugeot 308
Ford
Volkswagen
Jeep
Toyota
Peugeot
Mercedes-Benz
Hyundai
BMW
Fiat
Opel
Citroen
Skoda
Alfa Romeo
Kia
Volvo
Renault
RSS feed

Panorica.com · 2023 · Privacy Policy·Powered by Contabo: Powerful VPS XL SSD

Powered by Drupal