Germany: Inflation continues to rise in February
March 1, 2017
Consumer prices rose 0.7% over the previous month in February, according to preliminary data released by the Federal Statistics Office (Destatis) on 1 March. The result notably contrasted January’s 0.6% fall.
Inflation continued on its upward trajectory in February, increasing to 2.2% from January’s 1.9% reading. The result overshot market expectations of a softer increase to 2.1%. The print marked the highest result since February 2012. Meanwhile, annual average inflation inched up to 0.8% in February, up from 0.6% in January.
Harmonized inflation increased in February, climbing to 2.2% from January’s 1.9%. Average HICP inflation rose to 0.7% in February, following the 0.5% print in January.
Author: Christopher Mc Innes, Economist