German CPI for the month of December climbed to 0.8% from the previous 0.4%, while on the month the reading also jumped to 0.7% from the prior -0.1%. Analysts expected 0.7% rise on the year and 0.6% incline on the month.

With regard to the EU Harmonised reading, it spiked to 0.8% relative to both prior and median estimates of 0.3% and 0.7% respectively. On the month, the reading came in at 0.9%, higher than the preceding -0.2% and projections of 0.7%.