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German inflation drops to its lowest level since June 2021
According to the just-released flash estimate, German inflation has dropped significantly again, with the January headline number coming in at 2.9% year-on-year, from 3.7% YoY in December. It's the lowest level since June 2021. The European inflation measure came in at 3.1% YoY from 3.8% in December. Remember that the main differences between the national and the European inflation measures are differing weights for individual consumer goods as well as the fact that the national measure includes prices for gambling and owner-occupied housing. Today’s drop in headline inflation is mainly the result of favourable ... (full story)