German inflation unchanged in February, remains below ECB target

February 28, 2019

BERLIN (Reuters) – German annual inflation remained below the European Central Bank’s target level for a third month in a row in February, data showed on Thursday, suggesting that price pressures in Europe’s biggest economy are still moderate despite zero interest rates.

German consumer prices, harmonized to make them comparable with inflation data from other European Union countries, rose by 1.7 percent year-on-year after posting the same increase in the previous month, the Federal Statistics Office said.

The ECB targets inflation of close to but below 2 percent for the euro zone as a whole.

On the month, EU-harmonized prices rose by 0.5 percent, the preliminary numbers showed.

(Reporting by Michael Nienaber; editing by Thomas Seythal)

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