German CPI stronger than expected in February

FXStreet (London) - German preliminary consumer price index inflation for February increased by 0.9 percent, further than the 0.6 percent expected and up from the -1.1 percent drop in January. Year-on-year CPI increased by 0.1 percent compared with expectations of a 0.3 percent contraction after -0.4 percent in January.

The harmonised consumer price index for Germany increased by 1 percent month-on-month against expectations of a 0.7 percent rise after contracting 1.3 percent in January.