Germany Sees Higher Inflation in January

2026-02-01 04:20:14

(MENAFN) Germany’s annual inflation climbed more than anticipated in January, rising to 2.1% from 1.8% in December, according to preliminary estimates released on Friday. The figure exceeded market forecasts of 2%, as reported by the Federal Statistical Office (Destatis).

Energy prices continued to decline, falling 1.7% year-on-year, faster than December’s 1.3% drop.

However, above-average increases in service and food costs drove inflation higher, rising 3.2% and 2.1% respectively. Food inflation accelerated from 0.8% in December 2025.

Historical CPI data show that inflation increased 1.8% in December, 2.3% in November, 2.4% in October and September, up from 2.2% in August and 2% in both July and June—the lowest level since October 2024. Earlier in the year, CPI figures were 2.1% in May and April, and 2.2% in March, down from a 14-month high of 2.6% in December 2024.

Core inflation, which excludes food and energy, also rose in January to 2.5% from 2.4% in December on an annual basis. On a monthly basis, consumer prices increased by 0.1%, surpassing expectations of no change.

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