People shop and walk in the city center of Munich, Upper Bavaria, Germany on February 20, 2025.
Michael Nguyen | Parenting | Getty Images
Interim data from the Statistics Office Destatis shows that Germany’s annual inflation rate is unchanged in February but is 2.8% higher than expected.
The print is balanced in the euro area for comparable purposes.
Prints in February compared to the 2.7% estimate of economists surveyed by Reuters. this January From December, the annual inflation rate read 2.8%, without any change.
In September last year, Germany’s inflation fell below 2% of the European Central Bank, but it has refueled after that and has maintained a key mark for five consecutive months.
Germany’s data arrives ahead of the printing of the Consumer Price Index on Monday and the latest ECB decision later next week. Central banks cut interest rates for the fifth time in January since monetary policy began to be relaxed last summer, and in another decoration on Thursday, the market is widely priced.
These numbers are also German election The conservative alliance between the Christian Democratic League and the Christian Social Alliance received the largest share of the vote last weekend.
This makes their primary candidate Friedrich Merz In the case of taking over as prime minister from Olaf Scholz, although the CDU-CSU appears to form a ruling alliance with Scholz’s Social Democratic Party.
Economics is a hot topic during the campaign, and Merz shows that his policy plans, including income and corporate tax breaks, reduced bureaucracy, changes in social welfare and deregulation, will bring the country’s economy the needed boost. Germany’s GDP has long hovered in recession areas, with prices, seasonality and calendar-adjusted 0.2% lower in the first three months in the last quarter of 2024, according to Destatis.
This breaking news report is being updated.
