Consumer-price inflation in Germany 2023
Basic
22
Ṁ2242
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.

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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

predictedLOWER

@Eliza Thank you!

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%.

predictedLOWER

@ChristopherRandles Yes, resolves to 3.7.

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

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

predictedLOWER

@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).

predictedHIGHER

@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?

predictedHIGHER

@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

predictedHIGHER

and also congruent with the title of the bet :D

predictedLOWER

@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.

predictedHIGHER

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

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

predictedLOWER
predictedHIGHER

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

predictedLOWER

@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).

Also a market for next year:

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