German consumer price inflation decreases 0.8% in January

Noticias del mercado

28 enero 2016

German consumer price inflation decreases 0.8% in January

Destatis released its consumer price data for Germany on Thursday. German preliminary consumer price index decreased 0.8% in January, in line with expectations, after a 0.1% decrease in December.

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

The annual increase was mainly driven by a rise in services prices, which were up 1.2% year-on-year in January.

Goods prices dropped 0.3% year-on-year in January, driven by a decline in energy prices. Energy prices slid 5.8% year-on-year in January.

U.S.: Initial Jobless Claims, January 278 (forecast 282)

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the release of the U.K. GDP data

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