Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Inflation in Germany rose during the second reading month of January to 8.7% from 8.6% previously, in line with expectations.
Energy prices rose by 23.1% despite government relief measures, as domestic energy prices jumped by 36.5%, specifically natural gas, which rose by 51.7%.
The prices of firewood, wood pellets and other solid fuels increased by 49.6%, and heating oil prices increased by 30.6%.
As for electricity prices, they increased by 25.7% despite the freezing of electricity prices and the abolition of additional fees, and the prices of motor fuels increased by 7%.
And speaking of food, the cost of foodstuffs increased by 20.2%, led by dairy products and eggs, which jumped by 35.8%, edible fats and oils, which rose by 33.8%, and bread and cereals, which rose by 22.7%.
