German economy begins new year with higher inflation
The annual inflation rate in Germany came in at 8.7% in January, up from 8.1% in December, official figures showed on Wednesday, News.Az reports citing Anadolu Agency.
According to provisional figures by the Federal Statistical Office (Destatis), Germany's energy and food prices were main drivers of rise in inflation, with 23.1% and 20.2% hikes, respectively, in January.
The country's inflation rate excluding energy and food prices was at 5.6% in January.
On a monthly basis, Germany's inflation stood at 1% in January.
You Might Also Like
-
“As reported earlier, the Western Azerbaijan Community sent a letter to UN Secretary General A (...)
-
The court's decision on the appeal of the Republic of Azerbaijan to the International Court of J (...)
