German HICP final m/m actual -0.2%.
German HICP final y/y actual 3.1%.
Food prices increased by 3.8% in January 2024 compared to the same month last year. Although the increase in food prices has slowed since April 2023 (December 2023: +4.6%; November 2023: +5.5%; October 2023: +6.1%), it is still above overall inflation.
In January 2024, the inflation rate excluding energy was +3.5% and the inflation rate excluding food and energy was +3.4%.
“The inflation rate weakened at the beginning of the year. The price situation for energy products is visibly easing and food price increases are continuing to slow. But it is still above overall inflation,” said Ruth Brand, President of the Federal Statistical Office.
Separately Germany 10 Year Government Bond Yield increased to a 9-week high of 2.37%.