Germany’s inflation remained high from the start of 2023, then decreased over the course of 2023, according to the announcement on Thursday by Robert Habeck, Economy Minister of Germany.
Habeck in his address to the Bundestag stated that Germany has broken the inflation trends.
In 2023, inflation is seen at 6% as energy prices started to drop following the energy crisis caused by the Ukraine war.
In the economic report of 2023, Habeck said the numbers were not that good, but better than months ago that raised concerns. The GDP is expected to increase by 0.2% this year, up from 0.4% in the previous fall forecast.
Inflation would be lower in 2024 than it is now, and growth would accelerate, he added.