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.
Author: Christopher Mc Innes, Economist