Destatis released its final consumer price data for Germany on Friday. German final consumer price index were down 0.8% in January, in line with the preliminary estimate, after a 0.1% decline in December.

On a yearly basis, German final consumer price index rose to 0.5% in January from 0.3% in December, in line with the preliminary estimate.

Energy prices dropped 5.8% year-on-year in January, clothing and footwear prices increased 0.5%, while food prices climbed 0.9%.

Prices for goods (total) decreased 0.3% year-on-year in January, while prices for services rose 1.2%.

Consumer prices excluding energy increased 1.2% year-on-year in January.