logo
  

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by... Retail giant Walmart reported Tuesday a net profit for the second quarter that grew 20.4 percent from last year, reflecting lower operating expenses and partially inflation driven revenue growth. The results were also driven by the rebound in international markets. Quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2023.
Follow RTT