Germany's inflation rate expected to be 8.7% in January 2023

The CPI for Germany is revised as part of a regular process and the base year moved to 2020 as of reference month January 2023. The new base has already been used in calculating the present provisional results for January 2023, Destatis said in a media release.

With effect from January 2023, the CPI is rebased from 2015 to base year 2020. In this context, results from January 2020 onwards are recalculated. Results for earlier periods on base 2015 will only be converted to base year 2020.

ALCHEMPro News Desk (NB)