Germany Inflation January 2016

Germany

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.

The government expects inflation to be 1.2% in 2016. FocusEconomics panelists expect inflation to average 1.1% in 2016, which is down 0.1 percentage points from the previous month’s forecast. For 2017, panelists expect inflation to increase to 1.7%.


Author: Teresa Kersting, Economist

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Germany Inflation January 2016

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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