Germany Meets Inflation Goal

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Picture Source: DPA

If Mario Draghi thought he was already getting heat from Germany, it could be about to get a lot worse.

Consumer prices have continued to rise in Germany during the month of January, with the inflation rate reaching the 1.9-percent target set by the European Central Bank led by Mr. Draghi.

The preliminary data from Germany’s statistical office, if confirmed, would mark a significant jump for a country that has a long history of being wary of inflation. Prices are now rising at the highest rate since mid-2013.

“The time of low inflation is passe,” said Ulrike Kastens, analyst with the private bank Sal. Oppenheim. Ms. Kastens said the inflation rate would likely break the 2-percent mark in the coming months.

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