Press release No. 034 of 30 January 2019

Consumer price index, January 2019:
+1.4% on the same month a year earlier (provisional)
-0.8% on the previous month (provisional)

Harmonised index of consumer prices, January 2019:
+1.7% on the same month a year earlier (provisional)
-1.0% on the previous month (provisional)

WIESBADEN – The inflation rate in Germany as measured by the consumer price index is expected to be 1.4% in January 2019. Based on the results available so far, the Federal Statistical Office (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.

Note: revision of the consumer price index for Germany
The consumer price index is revised and a new base year introduced at regular intervals. From reference month January 2019, the index is rebased from 2010 to base year 2015. In this context, the consumer price indices are recalculated as of January 2015.

Please note the following release date:

21 February 2019    Final result for January 2019 and all consumer price indices recalculated as of January 2015 on the new 2015 base

Information on the revision especially for users of consumer price indices in stable-value clauses is available under "Serviceangebote zu Wertsicherungsklauseln" (only in German).