Consumer prices in Germany rose by 5.9% in 2023 on an annual average basis compared with 2022. The Federal Statistical Office (Destatis) reports that the rate of inflation for 2023 was therefore lower compared with a year earlier. In 2022, it stood at +6.9%. "The rate of inflation for 2023 was below 2022's record high. At almost 6%, it is still at a high level, however. Food prices registered particularly sharp increases on an annual average basis in 2023", said Dr. Ruth Brand, President of t...
