Germany Inflation January 2017

Germany

Germany: Inflation continues to rise in January

January 30, 2017

Consumer prices in Germany in January fell 0.6% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 January. The result contrasted December 2016’s 0.7% increase.

Inflation continued on its upward trajectory in January, increasing to 1.9% from December’s 1.7% reading. The print marked the highest result since July 2013. Meanwhile, annual average inflation inched up to 0.6% in January, up from 0.5% in December.

Harmonized inflation also increased in January, rising to 1.9% from December’s 1.7%. Average HICP inflation inched up to 0.5% in January, following 0.4% in December.

The government expects inflation to be 1.8% in 2017. FocusEconomics panelists expect inflation to average 1.6% in 2017, which is up 0.1 percentage points from the previous month’s forecast. For 2018, panelists expect inflation to increase to 1.7%.


Author:, Economist

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Germany Inflation January 2017

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics calculations.


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