Consumer prices
Inflation confirmed in February 2.3 percent
Life in Germany was more expensive in February as in January. However, economists expect relaxation on the annual perspective.
Inflation in Germany kept above average expensive services and food in February over the two percent mark. The Federal Statistical Office has confirmed preliminary calculations, according to which consumer prices were 2.3 percent higher than in the previous year of the previous year.
The energy prices that were 1.6 percent lower in the year. According to the information, the price lift for food has accelerated again. With 2.4 percent, it was just above general inflation. It was the highest rate of increase since January 2024.
At the beginning of the year, the price lift had lost speed after three climbs in a row. In December, the inflation rate was still 2.6 percent. From January to February of the current year, goods and services were also 0.4 percent of the Federal Office, which were also confirmed by the Federal Office.
Many economists expect inflation in Germany over the course of the year – if perhaps not quite as quickly as hoped for at first. Higher inflation rates reduce people’s purchasing power because they can then afford less for one euro.
Communication Destatis Consumer prices 2/2025 Details
dpa
Source: Stern
