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Jan CPI Release Date to Be Confirmed at 0900 GMT

GERMAN DATA
MNI (London)
  • The German CPI release date will be announced on this page at 0900 GMT this morning.
  • According to a Destatis official, the German CPI index will be published at 0700 GMT next week (rather than the usual 1300).
  • This data will have substantial implications for the euro area aggregate print, which cooled by 0.7pp to +8.5% y/y in the January flash estimate. This was calculated using a Eurostat estimate for Germany, which accounts for around 28% of the headline eurozone aggregate index.
  • By means of backward induction and application of the new Eurostat country weighting schemes using the January flash data, MNI estimates the German HICP number supplied by Eurostat is likely to have been between +7.9% and +8.6% y/y in January. See our analysis piece here.

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