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Jan national CPI a 0.6pp Uptick on Dec Following Revisions

GERMAN DATA
MNI (London)

GERMANY JAN CPI +8.7% Y/Y (= FLSH)

GERMANY DEC CPI +8.1% Y/Y (VS +8.6% BEFORE REVISION)

GERMANY DEC 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.”
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