Latest data released by Destatis - 28 January 2021

The release here comes much earlier than scheduled but shows a relatively solid bounce in headline annual inflation compared to December. On the month itself, inflation climbed by 0.9% m/m and this is a positive start to the set of releases to follow later.

Looking ahead, watch out for the Saxony report as that will offer clues about core inflation - which is arguably the more important metric among all the releases today.