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As of the latest available data from January 2023, the inflation rate in Germany is +8.7%. Inflation refers to the rate at which prices for goods and services increase over time, and it is often measured using a consumer price index (CPI). The German inflation rate can have significant impacts on the country’s economy, including its interest rates, investments, and purchasing power of its citizens.
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.