German Inflation Eases Beyond Expectations in December

German inflation decreased significantly in December, reaching 2.0% year on year, which was lower than the forecasted 2.2%. This data was released by the federal statistics office, surpassing the expectations of analysts who had predicted a drop from the previous month's 2.6%.

German inflation slowed more than anticipated in December, falling to 2.0% year on year, according to preliminary data released Tuesday by the federal statistics office.

This decrease surpassed projections from analysts polled by Reuters, who expected EU-harmonised inflation to decline to 2.2% from November's 2.6% rate.

The significant drop marks a downward trend that reflects the current economic adjustments taking place across Germany.

(With inputs from agencies.)