German HICP to pick up to 1.6% y/y in January – TD Securities
|Analysts at TD Securities expect the German Preliminary Consumer Price Index (CPI) to accelerate on an annualized basis in January.
Key Quotes:
“We look for German HICP to pick up to 1.6% y/y in January (mkt 1.7%).
The contribution of energy prices should increase on base effects, while we look for core CPI to slide lower, also on base effects, after an outsized m/m gain in January 2019.
Core inflation will likely continue to be choppy this year on the back of some extraordinarily large m/m swings through spring/summer 2019 distorting the y/y measures.”
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