German HICP to pick up to 1.6% y/y in January – TD Securities

Dhwani Mehta FXStreet

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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