Germany postpones release of January inflation data due to technical issues – WORLD

Germany postpones release of January inflation data due to technical issuesBERLIN (AA) – The German Federal Statistical Office (Destatis) said that preliminary inflation data for January will be released a week later due to technical problems in data processing.Destatis said in a statement that due to technical issues processing data from the states, leading inflation data for January will be released in the week of Feb. 6-10 instead of Jan. 31.The statement states that the exact date will be determined on February 3.The European Statistical Office (Eurostat) said in a statement that January inflation data for the Eurozone will still be published on February 1, as planned, Eurostat will use the German data as an estimate with time series data. As Germany’s economy is the largest in the Eurozone, markets are expected to be closely watching the Eurostat data, which will be announced on Wednesday. inflation in Germany, which was 8.6% in December, will rise to 9.2% in January.