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Germany: Annual CPI at 1.7% in January

According to data released today by Destatis, German annual inflation rose 1.7% in January, down from +2.1% registered the previous month. This result is in line with analysts' forecasts. On a monthly basis German CPI fell 0.5% in January, after growing 0.9% in December, as expected.

Year-over-year German HICP rose 1.9% in January vs 2% in December. On a monthly basis HICP declined 0.7%, following a 0.9% increase. Both results are in line with consensus.

The annual Producer Price Index climbed 1.7%, up from 1.5% and above expectations of +1.2%. Month-over-month PPI increased 0.8%, compared with the 0.3% fall and above forecasts of growing 0.3%.

Forex: EUR/USD keeps 1.3430 on German CPI

The shared currency remains in the proximity of 1.3430 after German consumer prices eased some ground during January. In fact, CPI contracted 0.5% on a monthly basis and advanced 1.7% over the last twelve...
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Germany: Producer Price Index grows more than expected in January

The annual Producer Price Index climbed 1.7% in January, up from 1.5% in December and above expectations of +1.2%, Destatis reported on Wednesday. Month-over-month PPI increased 0.8%, compared with the 0.3% fall and above forecasts of growing 0.3%.
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