According to economists, the 49-euro ticket for local public transport decided by the federal and state governments after tough negotiations can curb high inflation.

"Of course, this is also a brake on inflation," ING chief economist Carsten Brzeski told the Reuters news agency on Friday.

Especially in the first quarter of 2023, the Germany ticket together with the gas price brake could ensure that the inflation rate would be one percentage point lower than without the measures.

"We will then also reach the inflation peak in December," said Brzeski.

"The 49-euro ticket is further proof that it is currently governments and not the ECB that can quickly suppress inflation."

The European Central Bank (ECB) is currently trying to suppress the sharp inflation by raising interest rates.

The inflation rate in Germany reached 10.4 percent in October, the highest level since 1951, because energy and food cost significantly more.

Although it fell to 10.0 percent in November, a renewed increase in December cannot be ruled out.

The 49-euro ticket could reduce the inflation rate by almost 0.3 percentage points, said Commerzbank chief economist Jörg Krämer.

However, he added that this estimate is subject to great uncertainty.

"The effect is therefore unlikely to be large enough to have a significant impact on the underlying inflation trend," said Krämer.

"This is all the more true as the inflation rate at the beginning of the year should be dominated by the development of energy prices."

The heads of the federal and state governments had finally agreed on Thursday evening to introduce a so-called Germany ticket in the first quarter of 2023.

"The Deutschlandticket will come now, also very quickly," said Federal Chancellor Olaf Scholz after consultations with the Prime Ministers of the federal states.

“We have now cleared all the hurdles.” However, the decision does not mention an exact start date.