Post by sevenofnine on Apr 12, 2024 12:19:33 GMT -5
Might be good news for Germany economy
Germany's inflation rate dipped to 2.2% in March compared with the same month last year, figures published on Friday confirmed — a decline exacerbated by falling food and energy prices.
The rate was as low as it was last in May 2021 — before Russia's war in Ukraine sent fuel and grocery prices spiraling upward.
How the numbers work out
Inflation had already fallen markedly in February to 2.5%, compared with January when it stood at 2.9%, the data from Germany's Federal Statistics Office, Destatis, said.
"The inflation rate has weakened again," said Destatis President Ruth Brand. "The price situation for energy and food dampened the inflation rate for the second month in a row."
In March, food was cheaper for consumers for the first time compared with the previous year, down 0.7%, for the first time since February 2015.
www.dw.com/en/german-food-and-energy-prices-fall-inflation-sinks-to-22/a-68801532
Germany's inflation rate dipped to 2.2% in March compared with the same month last year, figures published on Friday confirmed — a decline exacerbated by falling food and energy prices.
The rate was as low as it was last in May 2021 — before Russia's war in Ukraine sent fuel and grocery prices spiraling upward.
How the numbers work out
Inflation had already fallen markedly in February to 2.5%, compared with January when it stood at 2.9%, the data from Germany's Federal Statistics Office, Destatis, said.
"The inflation rate has weakened again," said Destatis President Ruth Brand. "The price situation for energy and food dampened the inflation rate for the second month in a row."
In March, food was cheaper for consumers for the first time compared with the previous year, down 0.7%, for the first time since February 2015.
www.dw.com/en/german-food-and-energy-prices-fall-inflation-sinks-to-22/a-68801532
!!
