Inflation rose at a faster-than-expected rate in January, according to the Bureau of Labor Statistics, with shelter prices accounting for much of the increase.
German inflation fell to 2.9% January in line with preliminary data, down from 3.7% in December, and driven by a sharp fall in energy costs, according to official data released on Friday.
Deflation in China accelerated at its fastest pace in 15 years, as weak demand continued to hamper Communist Party efforts to bolster the struggling economy.
German industrial production fell more than expected in December, down 1.6%, compared with expectations of a 0.4% decline, increasing the risk of a downward revision to fourth-quarter GDP.