German Inflation Steady At 1.7% As Estimated


Germany's consumer prices increased at a steady pace in February, final data from Destatis revealed on Friday.

Consumer price inflation remained unchanged at 1.7 percent in February. This was in line with the estimate published on February 28. A similar higher rate was last seen in July 2019.

On a monthly basis, consumer prices gained 0.4 percent as initially estimated. Cost of package holidays advanced 15.5 percent, while energy prices were down 1.2 percent.

The harmonized index of consumer prices, or HICP that is meant for EU comparison, rose 1.7 percent annually in February after a 1.6 percent increase in January.

The latest HICP inflation rate was the highest since April 2019, when it was 2.1 percent.

On a monthly basis, the HICP rose 0.6 percent in February, in contrast to a 0.8 percent decrease in the previous month. Both annual and monthly rates came in line with preliminary estimate.

1 view
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram