German CPI down for the third consecutive month

FXStreet (Mumbai) - Consumer prices in Germany fell by 0.4% in January 2015 compared with January 2014. Markets were expecting the CPI to come-in at 0.3%. The last time CPI was seen at the current level was in July 2009 (-0.5%).

Month-on-month the CPI fell 1.1%, compared to the expectation of a 1.0% decline. The year-on-year decline of 0.4% was largely driven by a 30.8% fall in heating oil prices, while prices of Liquified gas fell 29.8%. Price of Diesel fuel and Petrol declined 17.5% and 14.8% respectively.