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German CPI gains speed up in January

Staff Writer | January 30, 2017
Consumer prices increases in Germany increased at the start of 2017 amid a rising cost of energy.
Germany people
Business in Germany   Energy price increases sped up
The cost of living in the euro area's largest economy rose at a 1.9% year-on-year clip in January, its highest level since July 2013, in comparison to a 1.7% pace in the month before.

Energy price increases sped up from 2.5% to 5.8%, while the cost of food saw the rate of gains jump to 3.2%.

In parallel, services inflation slowed from 1.5% to 1.2% while inflation in rents rose from 1.5% to 1.6%.