2018 Economic Calendar
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Germany : CPI  
Released On 1/30/2018 8:00:00 AM For Janp, 2018
PriorConsensusActual
Month over Month0.6 %-0.5 %-0.7 %
Year over Year1.7 %1.8 %1.6 %

Highlights
Consumer prices provisionally fell 0.7 percent on the month at the start of 2018. Prices are seasonally soft in January but the latest decline was surprisingly sharp and steep enough to shade the annual inflation rate from 1.7 percent to 1.6 percent, equalling it lowest reading since last May.

The flash HICP largely followed suit with a 1.0 percent monthly drop that reduced its yearly rate from 1.6 percent to 1.4 percent.

The main negative impact on the change in the headline annual rate came from energy, where inflation slipped 0.4 percentage points to 0.9 percent, and goods, which saw a 0.3 percentage point slide to 1.5 percent. This left food (3.1 percent after 3.0 percent) to provide the only boost as services (1.6 percent) as well as rent, excluding utilities (1.7 percent) were only unchanged

Today's German results make for additional downside risk to tomorrow's flash Eurozone HICP report. Financial markets were already looking for a slightly softer rate than in December; this view will now have been reinforced. There is also less chance that the core rates will climb higher too.

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
 
 

2018 Release Schedule
Released On: 1/161/302/142/273/143/294/134/305/165/306/146/287/127/308/14
Release For: DecJanJanFebFebMarMarAprAprMayJunMayJunJulJul
 
Released On: 8/309/139/2710/1210/3011/1311/2912/1312/28
Release For: AugAugSepSepOctOctNovNovDec
 


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