Inflation in Germany rose in January to 1.7 percent on an annual basis, from 1.5 percent in December. The German Federal Statistical Office reported this on the basis of a definitive figure. This brought inflation to the highest level in nine months.
On a monthly basis, German consumer prices fell by 0.6 percent, against a plus of 0.5 percent a month earlier. On the basis of the European harmonized measurement method, German inflation amounted to 1.6 percent on an annual basis, compared to 1.5 percent in December.