German inflation is on six-month high
Inflation in Germany reached a six-month high in February, according to final data released Friday by the German Federal Bureau of Statistics, Destatis.
In February, consumer prices in Germany rose 1.7 percent, compared to a year before, according to teh final data of Destatis, which confirms preliminary estimates. Inflation in Germany remained at its six-month high of 1.7 percent in January.
Food prices rose the most in February, by 3.3 percent. Within this, the prices of fruits increased by 9.0 percent and the prices of meat products 8.0 percent. Prices of edible fats and oils fell 6.5 percent. (MTI)
Related news
Valentine’s Day spending is expected to hit a new record this year
Valentine’s Day spending is expected to hit a new record…
Read more >German drugstore leader dm drogerie invests in technology and shopping experience
German drugstore giant dm is outpacing food retailers across Central…
Read more >HelloFresh’s Ready-To-Eat Brand ‘Factor’ Launches In Germany
Meal-kit firm HelloFresh has launched the ready-to-eat (RTE) meal service…
Read more >Related news
MBH Bank: Following January’s inflation data, we are raising our inflation forecast for this year to 4.6%
Following a 4.6% year-on-year price increase in December, consumer prices…
Read more >The high inflation in January is not a Hungarian peculiarity – this is when price increases may slow down
The effects of the price increases at the beginning of…
Read more >ESG sustainability is increasingly important for domestic SMEs
Sustainability and corporate governance (ESG: Environmental, Social, Governance) aspects are…
Read more >