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MNI China Daily Summary: Tuesday, June 6
MNI BRIEF: China Steel Demand Improving In H2 - Fitch
Clarify: Jan national CPI a 0.6pp Uptick on Dec Following Revisions
GERMANY JAN CPI +8.7% Y/Y (= FLSH)
GERMANY DEC CPI +8.1% Y/Y (VS +8.6% BEFORE REVISION)
GERMANY NOV CPI +8.8% Y/Y (VS +10.0 BEFORE REVISION)
- German national CPI (not HICP) rose +8.7% y/y in January, confirming the flash estimate.
- This was a 0.6pp acceleration on December, following re-basing revisions.
- “Following a slowdown at the end of last year, the inflation rate thus remains at a high level”, says Ruth Brand, President of the Federal Statistical Office. She adds: “We are observing price rises for many goods and, to an increasing degree, also for services. Households paid higher prices in particular for energy and food also in January.”
- Corrects month of NOV CPI reference.
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