German Unemployment Hits Twelve Year High as Inflation Moves Above European Central Bank Target
Germany faces economic pressure as unemployment hit a 12-year high in January. Meanwhile, inflation surpassed the target set by the European Central Bank.
Insights:
Unemployment in Germany 
DErose by 177,000 in January compared with December, bringing the total number of people out of work to 3.08 million, which is described as a 12-year high. At the same time, EU-harmonised inflation accelerated to 2.1% year-on-year in January. This result moves price growth above the European Central Bank target of 2% and contrasts with the 2.0% forecast by analysts polled by Reuters.
DErose by 177,000 in January compared with December, bringing the total number of people out of work to 3.08 million, which is described as a 12-year high. At the same time, EU-harmonised inflation accelerated to 2.1% year-on-year in January. This result moves price growth above the European Central Bank target of 2% and contrasts with the 2.0% forecast by analysts polled by Reuters.
