German Inflation Rate Slows in January


Consumer prices in Germany are expected to rise by an annual 1.3 percent in January of 2014. Preliminary estimates showed the inflation rate will slow from 1.4 percent in the last month of 2013 and is expected to decrease by 0.6 percent on a monthly basis.

Year-on-year, the relatively low inflation rate is mainly due to the fact that energy prices were down in January of 2014. The expected increase in food prices (+3.6 percent on a year earlier) will again be markedly higher than the overall inflation rate.

The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to increase by 1.2 percent. Compared with December of 2013, it is expected to be down by 0.7 percent.

German Inflation Rate Slows in January


DESTATIS | Joana Taborda | joana.taborda@tradingeconomics.com
1/30/2014 1:12:49 PM