German Inflation Eases To 0.8% In January

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Germany's consumer price index, or CPI, rose 0.8% year-on-year in January after an increase of 0.9% in December, the Federal Statistical Office said Tuesday.

On a monthly basis, the CPI declined 0.6% versus 0.8% rise in the previous month. Thus, the statistical office confirmed preliminary inflation figures for January.

The harmonized index of consumer prices, or HICP, grew 0.8% annually in January, slightly up from 0.7% estimated initially. Compared with December, the HICP was down 0.6%, revised up from 0.7% fall reportedly preliminarily.

(Market News Provided by RTTNews)