Germany: Inflation rises in January
January 29, 2016
Consumer prices in January fell 0.8% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 January. The result comes in below December’s 0.1% decrease.
Inflation edged up from December’s 0.3% to 0.5% in January, marking the highest reading in eight months. Meanwhile, annual average inflation inched up from 0.2% in December to 0.3% in January.
HICP inflation, which is based on harmonized consumer prices, rose from December’s 0.2% to 0.5%. Annual average HICP inflation ticked up from 0.1% in December to 0.2% in January.