German inflation eases unexpectedly in January
Tweet
Share
E-mail
A woman checks vegetables at the Biocompany organic supermarket in Berlin, January 31, 2013. REUTERS/Fabrizio Bensch/Files
BERLIN (Reuters) - German inflation slowed unexpectedly in January, the Federal Statistics Office said on Tuesday, with consumer prices rising 1.4 percent year-on-year, compared to an unchanged reading of 1.6 percent forecast by analysts polled by Reuters.
The preliminary numbers, harmonized to make them comparable with inflation data from other European Union countries, also showed that prices had fallen by 1.0 percent compared to December, below the 0.7 percent fall expected by analysts.
Lower energy inflation made the largest contribution to the weaker headline price figure, the agency said.
Inflation figures from Europe's largest economy are closely watched because of their influence on the European Central Bank's monetary policy.
(Reporting by Michael Nienaber; Editing by Paul Carrel)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Factbox-The people killed by U.S. immigration agents during Trump's second term
- FCC commissioner says Trump call to revoke ABC, NBC licenses is unconstitutional
- US appeals court declares New Jersey's ban on assault rifles unconstitutional
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
