Inflation & Prices
German Inflation Stays Unchanged, Backing ECB Rate Caution
- January consumer prices rise by annual 2.8%, matching estimate
- Softer French inflation earlier Friday had fed rate-cut bets
The Reichstag building in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German inflation remained elevated, reminding the European Central Bank that caution is still needed as it continues to lower interest rates.
Consumer prices rose 2.8% from a year ago in January, matching December’s pace and the median estimate in a Bloomberg survey of economists.