Monday, January 30, 2012

german cpi estimate january 2012

World Economic outlook - german cpi estimate january 2012 : German consumer prices fell 0.4% on the month in January, dampening the annual inflation rate to +2.0% from +2.1%, the Federal Statistical Office estimated Monday. The monthly result is in line with the median forecast for pan-German CPI in a MNI survey of analysts.

As usual, the Federal Statistics Office provided few details on price developments with the flash release. It pointed to data from reporting states that showed annual price developments were again marked by strong price increases of household energy and motor fuel.

The FSO will release final January inflation data on Feb 10. Inflation pressures in Germany are expected to continue easing over the coming months on the back of slowing domestic and global economic growth as well as falling energy prices.

Flash Jan CPI: -0.4% m/m, +2.0% y/y
MNI median forecast: -0.4% m/m, +2.0% y/y MNI forecast range: -0.5% to -0.2% m/m
Final Dec CPI: +0.7% m/m, +2.1% y/y

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