Germany February preliminary CPI came in at +2.5% year-on-year, just below expectations

Thursday, 29 February 2024, 13:01

The February preliminary CPI in Germany reported a +2.5% year-on-year figure, slightly lower than the expected +2.6%. Key components such as CPI and HICP also showed minor variances from projections. This aligns with state readings and indicates a convergence of headline inflation towards the 2% target, with a stable core annual inflation at 3.4%. Future movements will monitor whether the core reading follows the same path in upcoming months.

https://store.livarava.com/20d8db90-d705-11ee-b899-5254a2021b2b.jpe — Germany February preliminary CPI came in at +2.5% year-on-year, just below expectations

Germany February Preliminary CPI Report

This article highlights the latest developments in Germany's Consumer Price Index for February. The data revealed that the CPI rose by +2.5% year-on-year, narrowly missing the projected +2.6%. Additionally, the HICP figures showed slight deviations from expectations, with a core annual inflation rate holding steady at 3.4%.

Key Points:

February CPI: +2.5% year-on-year
Core Inflation: 3.4%

Conclusion: While the headline inflation is moving closer to the 2% target, the stability in core inflation suggests a balanced trend. Future observations will determine if this pattern persists in the coming months.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Germany February Preliminary CPI Report

Key Points:

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