Lowest inflation since June 2021. Economists expect a further decline over the course of the year.
After the Russian war of aggression against Ukraine, energy and food prices in particular rose sharply, driving inflation overall. In December 2023, consumer prices had risen by 3.7 percent compared to the same month last year. The price increase continued to weaken here - after an increase of 4.5 percent in December and 5.5percent in November. The European Central Bank (ECB) should resist the temptation to cut its key interest rates too early.