Inflation in Germany in February was 1.5%

BERLIN, GERMANY - SEPTEMBER 24: German Chancellor and Christian Democrat (CDU) Angela Merkel (C) reacts to initial results that give the party 33,1% of the vote, giving it a first place finish, in German federal elections on September 24, 2017 in Berlin, Germany. Chancellor Merkel is seeking a fourth term and coming weeks will likely be dominated by negotiations between parties over the next coalition government. (Photo by Alexander Koerner/Getty Images)

UNITED STATES (VOP TODAY NEWS) — Consumer price growth in Germany in February in annual terms, according to the final estimate of the country’s Federal Statistical Office (Destatis), was 1.5%.

As noted in the press release of the ministry, inflation was recorded at 0.4% in monthly terms.

Analysts polled by Reuters predicted that annual inflation was 1.6%, and on a monthly basis – 0.5%.

Inflation in Germany, calculated according to EU standards (harmonized consumer price index – HCPI), according to the final estimate, in February in annual terms amounted to 1.7%, in monthly terms – 0.5%. Both indicators coincided with expert forecasts and preliminary estimates.

Energy prices in Germany rose by 2.9% in February compared with the same period of the previous year, while food prices, as well as prices for services, showed an increase of 1.4% during the reporting period.

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