German inflation ticks up as expected in January
German inflation rose as expected in January amid higher energy prices, according to figures released by Destatis on Wednesday.
Consumer prices, harmonised to compare with other EU countries, were up 9.2% in January on the same month a year earlier, in line with the provisional estimate.
On the month, harmonised consumer prices were 0.5% higher, also in line with the initial estimate.
On a non-harmonised basis, consumer prices were up 8.7% on the year and 1.0% on the month, both in line with the provisional estimates.
The figures showed that energy inflation rose to 23.1% in January from 20.3% in December as the one-off fiscal support package ended. Meanwhile, food inflation was steady at 20.2%.
Ruth Brand, president of the Federal Statistical Office, said: "Following a slowdown at the end of last year, the inflation rate thus remains at a high level.
"We are observing price rises for many goods and, to an increasing degree, also for services."