Germany’s inflation rate declined unexpectedly this month, though remains above the target of the European Central Bank, which this week cut its key interest rate.Consumer prices were 2.3% higher in January than the first month of 2024,

Germany's annual inflation rate held steady in January but core inflation eased markedly, keeping intact expectations of further interest rate cuts from the European Central Bank. German inflation remained at 2.

German inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country's statistics office Destatis showed Friday in the last reading before Germans head to the polls next month.