Investing.com - Consumer price inflation in Germany slowed more-than-expected in February, official preliminary data showed on Thursday.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.5% in February, below expectations for a gain of 1.6%.
Consumer prices rose by 1.7% in January.
Month-over-month, German consumer prices rose 0.6% in February, compared to forecasts for a 0.7% decline, after falling by 0.5% in the preceding month.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.01% to trade at 1.3135.
Meanwhile, European stock markets were higher. Germany's DAX rose 0.6%, the EURO STOXX 50 advanced 0.15%, France’s CAC 40 added 0.15%, while London’s FTSE 100 eased up 0.3%.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.5% in February, below expectations for a gain of 1.6%.
Consumer prices rose by 1.7% in January.
Month-over-month, German consumer prices rose 0.6% in February, compared to forecasts for a 0.7% decline, after falling by 0.5% in the preceding month.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.01% to trade at 1.3135.
Meanwhile, European stock markets were higher. Germany's DAX rose 0.6%, the EURO STOXX 50 advanced 0.15%, France’s CAC 40 added 0.15%, while London’s FTSE 100 eased up 0.3%.