Inflation at the start of the year at its lowest level since June 2021. Food prices rose by 3.8 percent, although the price increase in this area continued to moderate.
Economists expect the inflation rate in Europe's largest economy to fall further over the course of this year. But Commerzbank chief economist Jörg Krämer recently warned that the fight against inflation is not yet won. The burden on people in Germany caused by inflation was comparatively high last year. The annual average rate was 5.9 percent.