German CPI for January came in at 0.8% from the advanced 0.9% and the predicted 1.0%, while the monthly reading came in at -0.6% from 0.8% and expectations of -0.3% .

With regard to the EU Harmonized reading, it slipped to 0.7% from 0.8% while it was anticipated 1.0%. On the month, the reading slumped to -0.7% from 0.9%, while economists expected 0.4% decline on the month.