Annual inflation rate in Germany rose to 8.7% YoY in January, from 8.6% YoY in previous month, below market estimates of 8.9% preliminary estimates showed. The statistical office changed the CPI base year to 2020 from 2015 and a technical programme made it necessary to postpone the release of the preliminary CPI.
On a monthly basis, the inflation rose to 1.0%, in January from -0.8% in the previous month and above market estimates of 0.8% increase. In December when a federal one-off payment to cover the monthly installment for gas and heat for all households and small- to medium-sized businesses came into effect, pressuring the inflation down.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe EU-harmonized index fell to 9.2% from 9.6%, below forecasts of 10%.
EURUSD bounced off the1.0740 resistance after release of today’s German inflation data. Source:xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.