Inflation in Germany slowed to 1.4% in January

In January, a slowdown in annual inflation rates was recorded in Germany to 1.4% from 1.6% in December, the country's statistical office reported. Compared to December, consumer prices fell by 0.8%. According to EU standards, consumer prices in annual terms rose by 1.7%. In monthly terms, there was a decrease of 1%. Energy prices rose by 2.3% compared to January 2018. The inflation rate, which does not take into account energy, was at the level of 1.3%. Food prices increased by 0.8%. In the first month of the year, the rise in prices for goods was 1.3%. Services increased in price by 1.4%.

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