Germany: Inflation jumps to over three-year high in December
January 18, 2017
Consumer prices in December rose 0.7% in a month-on-month comparison, according to data released by the Federal Statistics Office (Destatis) on 18 January. The result met market analysts’ expectations and was up from the 0.1% increase registered in November.
Inflation jumped from 0.8% in November to 1.7% in December, the highest level since July 2013.
Harmonized consumer prices rose 1.0% on a monthly basis in December, a marked pick-up from the flat reading observed in November. HICP inflation in December was 1.7%, up from 0.7% in November, the highest level since July 2013. Meanwhile, average HICP inflation inched up to 0.4% in December following the 0.3% print observed in November.
Author: Christopher Mc Innes, Economist