Germany: HICP inflation likely to rise to 1.5% in December – TDS

Analysts at TD Securities are looking for German HICP to rise from 1.2% to 1.5% YoY in December, a touch higher than consensus of 1.4%, although the Bloomberg survey does indicate a fairly even split between 1.4% and 1.5% forecasts.

Key Quotes

“Underlying this is a sharp pull-back in core CPI after three months of unusual m/m strength, while base effects from the fall in crude oil prices in December 2018 will push headline inflation higher.”