2017 Economic Calendar
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Germany : CPI  
Released On 1/30/2017 8:00:00 AM For Jan(p), 2017
PriorConsensusActual
Month over Month0.7 %-0.5 %-0.6 %
Year over Year1.7 %2.0 %1.9 %

Highlights
Consumer prices provisionally fell slightly more sharply than expected in January. Even so, with base effects positive, a 0.6 percent monthly decline still saw the annual inflation rate climb a further 0.2 percentage points to 1.9 percent, equalling its strongest mark since December 2012.

The flash HICP largely followed suit with a rather sharper 0.8 percent increase versus December that also lifted its yearly rate from 1.7 percent to 1.9 percent.

The CPI is seasonally soft at the start of the year and January saw the usual hefty monthly decreases in the prices of package holidays (about 20 percent) and clothing and footwear (around 5 percent). Household energy charges were little changed on the month but weakness a year ago saw the annual inflation rate here more than double to 5.8 percent. Goods inflation was up almost a percentage point at 2.7 percent and food accelerated from 2.5 percent to 3.2 percent. Rent, excluding utilities, also edged a tick firmer to 1.6 percent but, significantly, service sector inflation reversed most of December's bounce in falling 0.3 percentage points to 1.2 percent.

Today's German data increase the likelihood of another rise in Eurozone inflation this month (flash data due tomorrow). However, with base effects from energy particularly important, the core rates will need to be watched all the more closely to determine the underlying trend.

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
Release For: DecDecJanJanFebFebMarMarAprAprMayJunMayJunJul
 
Released On: 8/118/309/139/2810/1310/3011/1411/2912/1312/29
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