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German inflation slowed to 2.7% in February


March, 12 2024
watermark Economic news

According to the German Federal Statistical Office, in February 2024, an increase in consumer prices harmonized with EU standards was recorded by 2.7% compared to the same period of the previous year. Thus, inflation slowed down compared to the 3.1% increase in January. 


Compared to January 2024, inflation accelerated, showing an increase of 0.6%.


These results are fully consistent with the preliminary estimates and expectations of analysts.


Consumer prices calculated according to German standards also showed an increase in February: by 2.5% year-on-year and by 0.4% month-on-month, which also corresponds to analysts' forecasts. In January, these figures were 2.9% and 0.2%, respectively.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.