German January CPI confirmed at 2.3%

(Sharecast News) - German inflation was confirmed at 2.3% in January, the Federal Statistical Office Destatis said on Thursday. A fall in food and energy prices contributed helped pull inflation down by 0.2% month on month, also confirming flash estimates.

"On the other hand, above-average increases in service prices continued to drive up inflation," Destatis said.

Reporting by Frank Prenesti for Sharecast.com