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Published 5 months ago

German inflation falls to lowest level since start of Ukraine war

  • Germany's economy is expected to contract by 0.6% this year due to rising interest rates and high inflation, impacting investment and consumption.
  • The decline in inflation is partly attributed to the expiration of a 9-euro ticket and fuel discount, as well as a general easing of inflation in energy, food, and industrial goods.
  • Economic institutes predict that high inflation will continue to depress consumption in Germany, adding to the negative impact on the economy.
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