In January, annual inflation in Germany slowed to 1.6%
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In January 2018, consumer prices in Germany, calculated by national standards, increased by 1.6% compared with the same month in 2017, according to preliminary data from the Federal Statistical Office of the country (Destatis).

In December, annual inflation was fixed at 1.7%.

Relative to the previous month, prices fell by 0.7%.

Analysts had expected a 1.7% increase in the first indicator and a 0.6% decrease in the latter.

Prices for food products in Germany increased 3.1% year-on-year in annual terms, services became more expensive by 1.6%, household energy prices rose by 0.9%.

Consumer prices in Germany, calculated according to the standards of the European Union, in the current month increased by 1.4% in annual terms after an increase of 1.6% in December. The price increase in annual terms was minimal since May last year.

Compared to December, prices fell by 1%. Analysts on average expected growth of the first indicator by 1.6% and a decrease of the second by 0.7%.

The average forecast of experts suggested an increase in prices by 1.4% in annual terms and 0.6% in a month.

Final data on inflation for December will be published on February 14.

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