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German consumer price index flat versus year ago

Staff writer |
German consumer prices were unchanged in February, dragged down by a large fall in energy prices.

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The country's consumer price index (CPI) was flat versus a year ago, as a 8.5% drop in energy inflation swamped a 0.8% rise in food prices and 0.9% gain in those for services, according to the Federal Statistics Office.

In harmonized terms, CPI decreased by four tenths of a percentage point to a 0.2% year-on-year clip, but rose by 0.4% month-on-month.

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