Brandenburg Gate in Berlin, Germany

Germany Inflation March 2024


Our Consensus is for harmonized inflation to average around current levels—thus more than halving from last year—in 2024. A high base of comparison and the delayed effects of past monetary policy tightening will limit price growth.

Analysts at the EIU commented on the outlook:

“We expect the headline inflation rate to continue to fall towards the ECB’s 2% target rate and for first-quarter regional wage data (published in mid-May) to support the view of a generally subdued inflationary environment, paving the way for a first interest-rate cut in June.”

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