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Message: [QUOTE="SOLIDECN, post: 229062, member: 80239"] [HEADING=2][JUSTIFY]German Inflation Dips: A Look at the Numbers[/JUSTIFY][/HEADING] [JUSTIFY] Solid ECN - In January 2024, Germany’s consumer price inflation decreased by 2.9% year-on-year. This dropped from the previous month’s 3.7%, falling below the market’s predicted 3.0%. This rate, the lowest since June 2021, was primarily due to a deceleration in the inflation of goods (2.3% compared to December’s 4.1%). Energy costs within these goods saw a decline of 2.8%, a contrast to December’s 4.1% increase. Food inflation also decreased, going down to 3.8% from 4.5%. On the other hand, the prices of services increased (3.4% compared to 3.2%). The core inflation rate, which excludes fluctuating items like food and energy, fell to 3.4% in January, the lowest since June 2022. The EU-harmonized consumer price inflation index also slowed to 3.1% from December’s 3.8%, slightly below the expected 3.2%.[/JUSTIFY] [/QUOTE]

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