Inflation rate rose to 3.7 percent in December
Inflation in Germany picked up speed again at the end of 2023. Consumer prices in December were 3.7% higher than in the same month last year - after 3.2% in November, as the Federal Statistical Office announced on Thursday based on preliminary figures.
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The Federal Statistical Office, located in Wiesbaden, is responsible for releasing these inflation figures. The higher consumer prices are causing concern among German consumers, as the inflation rate in Germany reached 3.7% in December. This increase in inflation rate is a significant leap from the 3.2% recorded in November. Destatis, the German federal statistical office, attributes this rise in inflation to various factors affecting prices. With this continued inflation trend, the overall cost of living for consumers in Germany is becoming more expensive.
Source: www.stern.de
