German CPI rises 0.1% year-on-year in Febraury

FXStreet (Mumbai) - The Federal Statistical Office (Destatis) confirmed its provisional overall results of 27 February 2015, as the data released today showed the CPI 0.1% higher in February 2015 compared with February 2014. Compared with January 2015, the consumer price index rose markedly by 0.9% in February 2015.

The details reveal the low rate of inflation was mainly due to continued strong downward price trends for mineral oil products. The energy products also saw minor price decreases. The price of energy as a whole was down 7.3% on a year earlier. Excluding energy prices, the inflation rate would have been notably higher in February 2015, at +1.0%.