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Economics
Inflation & Prices

German Inflation Slowed After Government Picked Up Gas Bills

  • Consumer prices were up 9.6% from previous year; est. 10.2%
  • Bundesbank sees January bounce-back following temporary relief
Shoppers browse food stalls at an indoor market in Frankfurt, Germany.

Shoppers browse food stalls at an indoor market in Frankfurt, Germany.

Photographer: Ben Kilb/Bloomberg
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German inflation slowed more than anticipated in December after the government paid some households’ gas bills for the month, offering a temporary respite in the country’s cost-of-living crisis.  

Consumer-price growth at 9.6% was the weakest since August. Economists anticipated 10.2%, according to the median of 20 forecasts.