2017 Economic Calendar
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Germany : CPI  
Released On 2/14/2017 2:00:00 AM For Jan(f), 2017
PriorConsensusActual
Month over Month-0.6 %-0.6 %-0.6 %
Year over Year1.9 %1.9 %1.9 %

Highlights
The final estimate of January consumer prices showed no changes from the flash report. Despite a 0.6 percent monthly drop in the CPI, base effects ensured annual inflation climbed to 1.9 percent, up from 1.7 percent in December and equalling its highest mark since December 2012.

The flash HICP was similarly unrevised and so still falls 0.8 percent versus year-end and rises 1.7 percent from January 2016, up a full percentage point from last time.

As previously indicated, the usual seasonal factors helped to bias down the monthly change in prices and package holiday charges slumped fully 19.6 percent. Recreation and culture dropped 5.1 percent and clothing and shoes 4.9 percent. On the upside, food and non-alcoholic drink recorded a 0.8 percent increase and transportation was up 0.7 percent. However, excluding household energy the CPI decreased 0.7 percent which saw its yearly rate tick lower to 1.5 percent.

The minor dip in underlying inflation is unlikely to overly trouble to ECB but it does highlight the relative stickiness of core prices, and that in the Eurozone state with the tightest labour market.

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
Release For: JulAugAugSepSepOctOctNovNovDec
 


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