Consumer-price inflation in Germany 2023
22
570
630
resolved Jan 19
Resolved
3.7

Tagesschau collected some forecasts about the consumer price inflation (CPI) in Germany for this year.

This resolves to the CPI ("Verbraucherpreise") as reported by Destatis from beginning to end of 2023.

Get Ṁ200 play money

🏅 Top traders

#NameTotal profit
1Ṁ82
2Ṁ13
3Ṁ5
4Ṁ3
5Ṁ2
Sort by:

Resolved to value=3.7, probabilityInt=30.

The parameters were:

min: 1
max: 10

So the probability is (3.7 - 1) / (10 - 1) = 2.7/9 = 0.3

predicted LOWER

@Eliza Thank you!

sold Ṁ24 of LOWER

https://www.destatis.de/EN/Themes/Economy/Prices/Consumer-Price-Index/_node.html
Inflation rate at +5.9% in 2023
n December 2023, the inflation rate − measured as the year-on-year change in the consumer price index (CPI) – stood at +3.7%.

predicted LOWER

@ChristopherRandles Yes, resolves to 3.7.

@Eliza can you do the decimals-resolution-via-API?

bought Ṁ20 of HIGHER

@marktwse i'm assuming this question is about the yearly average, right?

predicted LOWER

@SKy I’m essentially waiting for Destatis to remove the “preliminary” wording. From the description link:

Die Inflationsrate, also die Entwicklung der Verbraucherpreise im Vergleich zum Vorjahresmonat, lag im Dezember 2023 bei 3,7 % (vorläufiger Wert).

predicted HIGHER

@marktwse but the 3,7 is referring only to the month of december 23 compared to december 22. While the description of your bet says "from beginning to end of 2023". Shouldn't that mean the yearly average which is currently around 5,9?

predicted HIGHER

@marktwse the assumtion of the yearly average would also be congruent with the link to the predictions of "tagesschau" which also refer to the yearly average

predicted HIGHER

and also congruent with the title of the bet :D

predicted LOWER

@SKy No, this is not about the "yearly average". The phrase "from beginning to end of 2023" is very clearly "end of December 2022 to end of December 2023". The same question was also answered in other comments below.

predicted HIGHER

@marktwse very clearly not :D hope for better wording next time

bought Ṁ10 of HIGHER

German consumer price inflation climbed to 3.7% year-on-year in December 2023, rising from the previous month's over two-year low of 3.2% and aligning with the market consensus, a preliminary estimate showed.
https://tradingeconomics.com/germany/inflation-cpi
https://www.destatis.de/EN/Themes/Economy/Prices/Consumer-Price-Index/_node.html

predicted LOWER
predicted HIGHER

This is asking about the yearly average, correct? Not about the inlfation in december

predicted LOWER

@kottsiek Not sure what you mean by “yearly average”.

I assume the “yellow” number from the linked Destatis page for December. Currently, it shows May as the most recent one:

Die Inflationsrate, also die Entwicklung der Verbraucherpreise im Vergleich zum Vorjahresmonat, lag im Mai 2023 bei +6,1 % (vorläufiges Ergebnis).

bought Ṁ3 of LOWER

Also a market for next year: