January 2017 German HICP flash 1.9% vs 2.0% exp y/y

Details of the January 2017 German CPI and flash HICP data report 30 January 2017

• Prior 1.7%

• -0.8% vs -0.6% exp m/m. Prior 1.0%

• CPI 1.9% vs 2.0% exp y/y. Prior 1.7%

• -0.6% vs -0.5% exp m/m. Prior 0.7%

Just a touch off of expectations y/y, and worse than expected m/m has sent the euro to a new low. Even so, that's German inflation to the highest for nearly 4 years.

German CPI details

German HICP y/y