German CPI returns to positive territory

|By:, SA News Editor

As expected, German CPI rose 0.5% on month in February after dropping 0.6% in January.

On year, inflation slipped to 1.2% from 1.3%.

HICP +0.5% on month vs -0.7% previously. On year, HICP +1% vs +1.2%.

All the figures were in line with consensus.

The comparably low inflation rate was again mainly due to a fall in prices for mineral oil products. Excluding those prices, inflation was +1.7%. (PR)

DAX futures are -0.2%, while the euro is -0.1% at $1.3858.

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