Germany: Annual CPI drops to 1.4% in January (preliminary) vs 1.6% expected

"The inflation rate in Germany as measured by the consumer price index is expected to be 1.4% in January 2019," Germany's Destatis reported on Wednesday.

Key takeaways from the press release

• Destatis also reports that consumer prices are expected to decline by 0.8% compared with December 2018.
• In January 2019, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.7% year on year and to decrease by 1.0% on December 2018.