Germany: No real easing of inflationary pressure – Commerzbank – by MSalordFX Germany Inflation Banks
declined to 8.6% in December from 10% in November. Commerzbank Chief Economist Dr. Jörg Krämer point out that core inflation increased further and added inflation will likely rise again in January.“German inflation fell sharply from 10.0% to 8.6% mainly because the government took over the monthly payments for gas for many citizens in December.”
“Inflation is likely to increase again in January because the government will not once again take over the payments for gas and district heating. However, inflation is unlikely to return to double digits. This is because the statisticians will take the electricity and gas price brakes into account in the price statistics from January.”
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