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Inflation in Germany refers to the rate at which prices for goods and services in the country are rising. The most commonly used measure of inflation in Germany is the Harmonized Index of Consumer Prices (HICP), which is calculated by the Federal Statistical Office (Destatis). The European Central Bank (ECB) aims to maintain inflation rates below, but close to, 2% over the medium term.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.