# German inflation rate to ease over course of 2023 – econ minister
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-01-26
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: German Inflation to Ease in 2023 after Initial 6% Spike:
Meta Description: Economy Minister Robert Habeck forecasts high inflation at the start of 2023 before easing during the year due to energy price relief post Ukraine crisis.
URL: https://financedigest.com/german-inflation-rate-to-ease-over-course-of-2023-econ-ministerhtml

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BERLIN (Reuters) – German inflation will remain high at the beginning of 2023 before easing over the course of the year, Economy Minister Robert Habeck said on Thursday.

“We have broken the inflation trend,” Habeck said in his address to the Bundestag regarding the annual economic report.

Inflation is seen at 6% in 2023, as energy prices ease following the initial shock of the energy crisis triggered by the Ukraine war, according to the economic report published on Wednesday.

Regarding the [economic report](https://www.financedigest.com/worst-flooding-since-1998-leaves-33bn-economic-toll-in-china-according-to-aon-catastrophe-report.html "Worst flooding since 1998 leaves bn economic toll in China, according to Aon catastrophe report") for 2023, he said the numbers were not good, but significantly better than feared some months ago. Gross domestic product is forecast to [grow by 0.2% this year](https://www.financedigest.com/uk-car-sales-hit-30-year-low-in-2022-but-could-grow-15-this-year-smmt.html "UK car sales hit 30-year low in 2022, but could grow 15% this year – SMMT"), up from the autumn forecast of a 0.4% decline.

In 2024, [inflation will be lower](https://www.financedigest.com/spains-inflation-to-be-lower-this-year-than-in-2022-minister.html "Spain’s inflation to be lower this year than in 2022 -minister") than in 2023 and growth will be higher, he added.

(Reporting by Christian Kraemer. Writing by Maria Martinez; Editing by Paul Carrel)


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