FX.co ★ German Inflation Edges Higher in January as MoM CPI Ticks Up to 0.1%

Germany’s consumer price growth showed a slight uptick at the start of the year, with the month‑over‑month Consumer Price Index (CPI) rising 0.1% in January 2026, up from 0.0% in the previous month. The latest reading, updated on 17 February 2026, indicates that prices grew marginally compared with December, after remaining flat on a monthly basis at the turn of the year.

Both the current and previous readings are based on month‑over‑month comparisons, measuring how prices in each month evolved relative to the immediately preceding month. While the move from 0.0% to 0.1% is modest, it suggests a slight reacceleration in price dynamics as the year begins, following a period of stagnation in monthly inflation. Investors and policymakers will be watching upcoming releases closely to see whether this marks the start of a firmer inflation trend or remains a one-off blip in otherwise subdued price growth.