Germany Feb Consumer Prices Rebound As Expected

Germany's consumer prices recovered as estimated earlier in February, final data from Destatis showed Thursday.

The consumer price index grew 0.1 percent in February from last year, confirming the flash estimate. This was in contrast to the 0.4 percent decrease in the previous month.

Month-on-month, consumer prices advanced 0.9 percent in February, compared to a 1.1 percent drop in January. This was also unrevised form the preliminary estimate.

Excluding food and energy, core consumer prices rose 1.1 percent annually in February.

Further, the statistical office confirmed the preliminary estimates for harmonized consumer prices. On a yearly basis, the harmonized index of consumer prices fell 0.1 percent in February. This marked the second consecutive month of drop.

On a monthly basis, the harmonized index increased 1 percent, in line with flash estimate. In January, the index fell 0.5 percent annually while it rose 1.3 percent monthly basis.

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