Germany: Inflation picks back up in February and posts mild increase
February 27, 2015
Consumer prices in February rose 1.0% over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 27 February. The result significantly contrasted January’s 1.1% price drop and overshot market expectations of a 0.7% increase.
In annual terms, consumer prices rose 0.1% in February, contrasting January’s 0.4% decline in prices that had represented the steepest drop since July 2009. Annual average inflation inched down from January’s 0.8% to 0.7% in February.
Meanwhile, harmonized consumer prices rose 1.0% in annual terms, contrasting January’s 1.3% decrease. Annual average HICP in February remained at January’s 0.6%.