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German Economy Ministry: Inflation upwards trend to weaken noticeably from January

Germany’s Economy Ministry said in a statement on Friday, the Inflation upwards trend to weaken noticeably from January but will still remain at the pre-crisis level.

Additional headlines

Ongoing supply bottlenecks likely to persist for a while.

Germany 2021 GDP also preliminarily confirmed at 2.7%.

German GDP grew by 2.7% in 2021.

Q4 growth to be subdued due to production difficulties, COVID-19 restrictions.

EUR/USD reaction

EUR/USD was last seen trading at 1.1465, higher by 0.10% on the day.

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