Germany’s Federal Statistical Office announced today that the country’s inflation rate fell further in December of 2022. The Consumer Price Index (CPI) rose 9.6% year-on-year in December, a decrease compared to the 11.3% in November and 11.6% in October.
The Office of Statistics also revealed that the inflation rate for the full year 2022 was 8.7%. This is a significant drop from the previous months and indicates a positive trend for the German economy.
Economists attribute the decrease in inflation to a number of factors, including a stable domestic demand and a decrease in energy prices. However, it’s important to note that these numbers are provisional and are subject to change.
This report provides a positive outlook for the German economy, as a lower inflation rate indicates a stable economic environment. The German government and central bank will closely monitor the inflation rate in the coming months to ensure it remains in check and to make any necessary adjustments to monetary policy.