Germany, February inflation confirmed at +8.7% on year

Germany February inflation confirmed at 87 on year

(Tiper Stock Exchange) – Inflation in Germany confirmed at a high level in February 2023. This was announced by the statistical office Destatis, confirming the preliminary data released at the end of the month which indicated an increase of 8.7% on an annual basis, after the +8.7% recorded the previous month. On a monthly basis, +0.8% is recorded, as indicated by the preliminary estimate, compared to +1% in January.

As for theharmonized inflationrecorded an increase of 1% on the month (as the initial estimate) and +9.3% on the year (confirmed the preliminary).

“The inflation rate remains at a high level – says Ruth Brand, president of the Federal Statistical Office – Even in February, households felt the impact of the increase in the prices of foodstuffsas they have risen even more than the prices ofpower“.