FX.co ★ Saxony Inflation Accelerates to 2.3% YoY in January, Up from 1.9% in December

Consumer price growth in Germany’s Saxony region picked up momentum at the start of the year, with the Saxony Consumer Price Index (CPI) rising 2.3% year-over-year in January 2026. The latest reading, released on 30 January 2026, marks an acceleration from December 2025, when annual inflation in the state stood at 1.9%.

Both figures are calculated on a year-over-year basis, comparing each month’s price level to the same month a year earlier. The January increase suggests that price pressures in Saxony have strengthened slightly after a softer inflation environment at the end of 2025. While no detailed breakdown was provided, the move from 1.9% to 2.3% may draw attention from analysts tracking how regional price dynamics in Germany are evolving into 2026.