2017 Economic Calendar
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Germany : CPI  
Released On 1/18/2017 2:00:00 AM For Dec(f), 2016
PriorConsensusActual
Month over Month0.7 %0.7 %0.7 %
Year over Year1.7 %1.7 %1.7 %

Highlights
Consumer prices were unrevised in the final report for December. A 0.7 percent monthly rise in the CPI matched its preliminary estimate to yield a 1.7 percent annual inflation rate, up a full 0.9 percentage points from the final November reading.

The final HICP was similarly in line with its flash print, increasing 1.0 percent from mid-quarter for a 1.7 percent 12-month change, a full 1 percentage point above its mark last time.

As indicated earlier, energy provided a major boost to the headline annual inflation rate and prices here were up 2.5 percent on the year having fallen 2.7 percent in November. Food (2.5 percent after 1.2 percent) also had a significant positive impact. Excluding energy, prices were 0.6 percent firmer on the month and 1.6 percent stronger than a year ago, up from 1.2 percent. Elsewhere, clothing and shoes (2.1 percent after 1.6 percent) and leisure and entertainment (1.8 percent after 1.0 percent) were supportive too.

The final December data confirm a marked acceleration in German inflation at year-end. Crucially too from the perspective of the ECB, they also point to some firming in underlying prices. This should be similarly apparent, to a lesser extent, in the final December HICP data for the entire Eurozone, due later this morning.

Definition
The consumer price index (CPI) is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly and annual changes in the CPI provide widely used measures of inflation. A provisional estimate, with limited detail, is released about two weeks before the final data are reported.  Why Investors Care
 
 

2017 Release Schedule
Released On: 1/31/181/302/143/13/143/304/134/275/125/306/146/297/137/28
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