German inflation picks up in January: preliminary data

Inflation in Europe's largest economy Germany picked up in January, preliminary data showed Monday, although the headline number was not as high as analysts had expected. Consumer prices rose by 1.9 percent year-on-year, federal statistics office Destatis said, up from a rate of 1.7 percent recorded in December. The last time inflation was that high in Germany was in July 2013, the statisticians added.