New figures show that Germany’s inflation rose to 3.7% YoY in December, indicating a 0.5% increase from the previous month and confirming preliminary data. In contrast, Italy’s inflation dropped to 0.6%, reflecting a 0.1% decrease from the prior month, in another batch of statistics that confirmed initial estimates.
The inflationary pressure in Germany, experiencing a notable uptick for the first time in seven months, was significantly fueled by a 4.1% rise in energy prices compared to the previous year.