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German inflation rises to 9.2% in January from 8.1% in December

German inflation hit 9.2% in January, up from 8.1% in December and 8.8% in November
German inflation hit 9.2% in January, up from 8.1% in December and 8.8% in November

German consumer prices, harmonised to compare with other European Union countries, rose by 9.2% on the year in January, data from the federal statistics office showed today.

Compared with December, prices increased by 0.5%, it added, confirming preliminary data on both a monthly and annual basis.

According to non-harmonised standards, German consumer prices rose 8.7% on the year in January and 1% on the month.

This follows revised inflation rates of 8.1% in December and 8.8% in November.

"Following a slowdown at the end of last year, the inflation rate thus remains at a high level," said Ruth Brand, president of the German statistics office.

Households paid higher prices in particular for energy and food in January, Brand said.

Energy product prices were 23.1% higher year-on-year despite government relief measures, while food prices increased 20.3% on year.