Germany: February Annual inflation at lowest level in over two years

According to data released today by Destatis, German annual inflation grew 1.5% in February, following a 1.7% increase in January. This result is in line with analysts' forecasts and it is the lowest level registered by the indicator since November 2010. On a monthly basis German CPI climbed 0.6% in February, after sliding 0.5% in January, as expected.

Year-over-year German HICP rose 1.8% in February, slightly down from 1.9% in January. On a monthly basis HICP rose 0.8%, following a 0.7% fall.