Thu, Jan 16, 2025 · 8:00 AM ET
Source
Next release · Nov 11, 2:00 AM ET
Germany’s CPI in December saw a slight upward revision in the monthly rate from 0.4% MoM to 0.5% MoM, but the 2.6% YoY rate was confirmed. Additionally, HICP inflation of 0.7% MoM and 2.8% YoY was confirmed, the highest annual rate since May.
Core inflation was upwardly revised from its provisional estimate by 0.2 ppts to 3.3% YoY as goods inflation was revised up 0.3 ppts to 1.4% YoY. A revision to energy pointed to a slightly smaller decline at -1.6% YoY vs the preliminary estimate of -1.7% YoY.
The final 2024 inflation rate for Germany is recorded at 2.2%, down from 6.9% in 2022 and 5.9% in 2023. Services inflation remains the highest component, averaging 3.8% YoY in 2024, while goods inflation cooled significantly to just 1.0% YoY on average.
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