Households paid higher prices in particular for energy and food in January.
Energy product prices were 23.1% higher year-on-year despite government relief measures, while food prices increased 20.3% on year.
German CPI: Final Readings for January
MoM
Act: 1%
Prev: -0.8%
Fcst: 1%
YoY
Act: 8.7%
Prev: 8.6%
Fcst: 8.7%
Harmonised:
MoM
Act: 0.5%
Prev: 0.5%
Fcst: 0.5%
YoY
Act: 9.2%
Prev: 9.6%
Fcst: 9.2%
😴 All as expected, as a final reading should be TBF
